KEYEAST.Co.,Ltd. announced that it expects to receive KRW 15.0000098 billion in funding from SM Studios Co., Ltd.
March 02, 2022
Share
Keyeast Co., Ltd. announced a private placement of 1,229,509 common shares at KRW 12,200 per share for gross proceeds of KRW 15,000,009,800 on March 3, 2022. The transaction will include participation from returning investor SM Studios Co., Ltd. The shares will be issued through third party allotment method. All securities issued in the transaction have a hold period of one year.
The transaction is expected to close on March 11, 2022. The transaction has been approved by the board of directors.
KEYEAST Co., Ltd. is a Korea-based company engaged in the entertainment business. The Company engages in the management of recruiting new and top actors and brand marketing of actors; planning, manufacture and sale of the value added products based on Korean dramas and movies with affiliated artists through merchandising and licensing business; production and planning of dramas, movies, music and other culture contents as well as provision of contents through media platforms; investment of dramas and movies, and planning and conducting of events, such as performances, exhibitions and conventions. On August 27, 2012, the Company established a new wholly owned subsidiary, which is mainly engaged in the producing of drama and broadcasting contents.
KEYEAST.CO.,LTD. 
