C&Cn Co., Ltd. announced that it expects to receive KRW 4.5 billion in funding from Globon Co., Ltd.
December 27, 2017
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C&Cn Co., Ltd. announced a private placement of 10th round unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,500,000,000 on December 28, 2017. The transaction will include participation from returning investor Globon Co., Ltd. (KOSDAQ:A019660). The company will issue bonds at par. The bonds carry fixed interest rate of 3% per annum and yield to maturity of 6%. The bonds will mature on December 29, 2020. The bonds are convertible into common shares of the company at a fixed conversion price of KRW 75,000 from December 29, 2018 to November 28, 2020. The company expects to close the transaction on December 29, 2017. The transaction has been approved by the board of directors of the investor. The company has reported total assets of KRW 10,044,000,000, total liabilities of KRW 6,996,000,000, total capital of KRW 3,048,000,000, capital of KRW 100,000,000, sales amount of KRW 51,435,000,000, and net profit of current period of KRW 2,550,000,000 for the year ended December 31, 2016.
GLOBON CO., LTD. is a Korea-based company engaged in cosmetics manufacturing business, as well as semiconductor equipment and handset distribution business. The Company produces cosmetics under the brand name of RUE KWAVE. It also engaged in semiconductor idle equipment and mobile phones distribution, semiconductor modification and improvement, as well as file access block (FAB) dismantling. The Company distributes its products within the domestic market and to overseas markets, including Europe, Asia and United States.
GLOBON CO., LTD. 
