Globon Co., Ltd. announced that it expects to receive KRW 13 billion in funding from Korea Bond Investment Advisory Co., Ltd.
October 28, 2020
Share
Globon Co., Ltd. (KOSDAQ:A019660) announced that it will issue series 3 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 13,000,000,000 on October 29, 2020. The transaction will include participation from Korea Bond Investment Advisory Co., Ltd. The bonds will be issued at par. The bonds are fully convertible into 3,672,316 shares representing 11.21% stake at a fixed conversion price of KRW 3,540 each. 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. 
