Current Funds

Dongbuka

The ultimate solution provider, KOMARF

Dongbuka No.4 Ship Investment Company

Name
Dongbuka No. 4 Ship Investment Company Co., Ltd.
Classification
Paper Company in possession of one vessel
Establishment
15th July, 2004
Promoter
Korea Marine Finance Corporation
Public Offering
10th ~ 12th November, 2004
Underwriter
Daewoo Securities
Duration
15 years from the point of delivery (Delivery period : April~September 2007)
Shareholders’ capital reimbursed on the 10th year (7 years after delivery)
Target Asset
6800 TEU Container built by Hyundai Heavy Industries
Acquisition Price
$83,470,000
Structure
  • 1. Debt: $58,429,000 per ship (70% of acquisition price) from Korea Development Bank
  • 2. Equity: $17,612,170 (21.1%) underwritten by Daewoo Securities
  • 3. Guarantee Deposit: $8,347,000 (10%) from Hyundai Merchant Marine

* 1.1% of equity includes expenses for the company’s establishment

Stock Listing
Korea Exchange listed on 29th December, 2004
Consignment Agreement
  • 1. Ship Investment Management Company : KOMARF
  • 2. Custody Company : Korea Development Bank
Advisory
  • Expert firms have participated to evaluate the business propriety of the ship investment company.
  • KR Consulting: Business propriety evaluation
  • Kim & Chang : Legal propriety evaluation