CNPLUS Co., Ltd. announced that it expects to receive KRW 1 billion in funding
April 30, 2018
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CNPLUS Co., Ltd. (KOSDAQ:A115530) announced a private placement of 4th series unregistered coupon unguaranteed private convertible bonds for the gross proceeds of KRW 1,000,000,000 with CNB Technology, Inc. on April 30, 2018. The bonds carry a fixed coupon of 7% per annum and yield to maturity of 7%. The bond would mature on May 2, 2021. The bonds are unsecured. The bonds are convertible into 1,071,811 ommon shares of the company at a conversion price of KRW 933 share. The conversion will start on May 2, 2019 and end on May 1, 2021. The transaction is expected to close on May 2, 2018. The transaction has been approved by the board of directors of the company.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
