Daejoo Electronic Materials Co., Ltd. announced that it expects to receive KRW 61 billion in funding from Samsung Securities Co.,Ltd., KB Securities Co.,Ltd, NH Investment & Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd. and another investor
June 07, 2024
Share
Daejoo Electronic Materials Co., Ltd. announced a private placement to issue Series 8 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 18,000,000,000 and Series 7 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 43,000,000,000; aggregate gross proceeds of KRW 61,000,000,000 on June 7, 2024. The transaction will include participation from new investors Samsung Securities Co., Ltd. (Anda H Mezzanine General Private Equity Trust No. 14 (Professional) in the position of trustee) for KRW 2,500,000,000, Samsung Securities Co., Ltd. (Andah, KBIZ, Alpha, General Private Equity Trust 2023-From the status of my trustee)) for KRW 1,200,000,000, Samsung Securities Co., Ltd. (Anda H Mezzanine General Private Equity Trust No. A2 (Professional) ) for KRW 1,100,000,000, KB Securities Co., Ltd. (AndAH Mezzanine General Private Equity Trust No. 13 (Professional) in the position of trustee) for KRW 1,700,000,000, NH Investment & Securities Co., Ltd. (in the position of trustee of Andacruz General Private Equity Trust No. 1) for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. (from the position of trustee of Andacruz General Private Equity Trust No. 2 (professional investor))) for KRW 500,000,000, Samsung Securities Co., Ltd. (From the position of trustee of Susung KOSDAQ Venture D1 General Private Equity Trust (P&L, etc.)) for KRW 1,000,000,000, KB Securities Co., Ltd. (in the position of trustee of Mercury KOSDAQ Venture D2 General Private Equity Trust) for KRW 1,000,000,000, Korea Investment & Securities Co., Ltd. (from the position of trustee of Susung KOSDAQ Venture D3 General Private Equity Trust) for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. (Suseong Moju Mezzanine D1 in the position of trustee of general private equity trust (professional investor)) for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. (from the position of trustee of Mercury KOSDAQ Venture D4 General Private Equity Trust) for KRW 1,000,000,000, Mirae Asset Securities Co., Ltd. (DS Secondary. B in fiduciary status in a general private equity trust) for KRW 3,000,000,000 and Samsung Securities Co., Ltd. (DS Different. R3 in fiduciary status in a general private equity trust) for KRW 2,000,000,000. The bonds are 100% convertible into 145,252 shares at a fixed conversion price of KRW 123,922 from June 17, 2025 to May 17, 2029. The bonds bear zero coupon rate, 2% maturity rate and matures on June 17, 2029. The transaction has been approved by shareholders, restricted to a hold period and is expected to close June 17, 2024.
Series 7 bonds - The transaction will include participation from new investor Eventus-IBKC Secondary Battery Materials New Technology Business Investment Fund for KRW 43,000,000,000. The bonds bear zero coupon rate, 2% maturity rate and matures on June 14, 2029. The bonds are 100% convertible into 346,992 shares at a fixed conversion price of KRW 123,922 from June 14, 2025 to May 14, 2029. he transaction has been approved by shareholders, restricted to a hold period and is expected to close June 14, 2024.
Daejoo Electronic Materials Co., Ltd. is a Korea-based company engaged in the manufacture of electronic materials. The Companyâs product portfolio consists of conductive materials, such as pastes for disk ceramic applications, dielectric filters, chip inductors and others, and electrode pastes for chip resistors, among others; phosphor materials, which are used for plasma display panels (PDPs), cold cathode fluorescence lamps (CCFLs) and light emitting diode (LED); polymer materials, such as insulation materials, epoxies, epoxy coating powders, semiconductor materials and others, glass materials, nano materials, metal power materials, phosphor materials, and organic LED materials. Through its subsidiary, it manufactures and distributes insulation materials and conductive pastes used for white household appliance components in China market.
Daejoo Electronic Materials Co., Ltd. announced that it expects to receive KRW 61 billion in funding from Samsung Securities Co.,Ltd., KB Securities Co.,Ltd, NH Investment & Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd. and another investor