Keyeast Co., Ltd. announced that it expects to receive KRW 1.099989895 billion in funding
October 14, 2018
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Keyeast Co., Ltd. (KOSDAQ:A054780) announced a private placement of 373,511 common shares at KRW 2,945 per share for gross proceeds of KRW 1,099,989,895 on October 15, 2018. The transaction will involve participation from individual investors Sunghye Park for 203,735 shares, Youngmin Kim, officer of the company for 83,191 shares, Soyoung Nam, officer of the company for 34,804 shares, Semin Han for 34,804 shares, and Soowook Ahn, officer of the company for 16,977 shares. The shares will be issued at a premium and through third party allotment method. The outstanding shares will increase from 84,802,114 shares to 85,175,625 shares and will have a hold period of one year. The transaction is expected to close on November 30, 2018. The transaction was 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. 
