21 September 2018
Everpia – new inspiration from convertible bonds
Recently on 06th Sep 2018, Everpia has successfully issued 10,100,000 USD of convertible bond to Rhinos Vietnam Convertible bond Private investment fund no. 4, an investment fund managed by Rhinos Asset Management, who is a professional investment entity headquartered in Korea with long experience on over 60 leading companies worldwide.
The bonds have tenor of 05 years, interest rate of 1%/year, non-secured and can be converted to shares after 01 year from issuance date at the initial conversion price of 18,245 VND/share. The proceeds would be used to (i) launch the new products, (ii) expand the business scale through the expansion of distribution network and brand marketing activities, (iii) invest in fixed assets, machinery.
This is the result of a 4-month long comprehensive and thorough due diligence on not only all the current aspects and operations of the company, but also the feasibility of business plans in the next 5-10 years, with the participation of well-known independent auditors in Korea. The brand reputation, distribution network, development strategy and the growth potential of Everpia have completely convinced Rhinos.
In addition to the professionalism in corporate governance, the successful issuance of over 10 million USD of bonds has further strengthened the possibility of EVE's substantial business plans.
Everpia JSC.
The bonds have tenor of 05 years, interest rate of 1%/year, non-secured and can be converted to shares after 01 year from issuance date at the initial conversion price of 18,245 VND/share. The proceeds would be used to (i) launch the new products, (ii) expand the business scale through the expansion of distribution network and brand marketing activities, (iii) invest in fixed assets, machinery.
This is the result of a 4-month long comprehensive and thorough due diligence on not only all the current aspects and operations of the company, but also the feasibility of business plans in the next 5-10 years, with the participation of well-known independent auditors in Korea. The brand reputation, distribution network, development strategy and the growth potential of Everpia have completely convinced Rhinos.
In addition to the professionalism in corporate governance, the successful issuance of over 10 million USD of bonds has further strengthened the possibility of EVE's substantial business plans.
Everpia JSC.