Globon Co., Ltd. announced that it expects to receive KRW 10 billion in funding
April 17, 2018
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Globon Co., Ltd. (KOSDAQ:A019660) announced a private placement of 2nd unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on April 18, 2018. The transaction will involve participation from individual investors Sang-Ho Han for KRW 5,500,000,000, new investors Moonjun Song for KRW 3,000,000,000, and Jungho Kang for KRW 1,000,000,000. The bonds will carry a coupon rate of 2% and yield to maturity of 5%. The bonds will mature on April 20, 2021. The bonds will be fully convertible into 2,109,704 shares at a conversion price of KRW 4,740 from April 20, 2019 to March 20, 2021. The transaction is expected to close on April 20, 2018. The transaction has been approved by the board of directors of the company.
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. 
