DUKSAN TECHOPIA Co.,Ltd. announced that it expects to receive KRW 50 billion in funding
November 19, 2021
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DUKSAN TECHOPIA Co.,Ltd. announced a private placement of round 1 unregistered non-guaranteed private placement convertible bonds for gross proceeds of KRW 50,000,000,000 on November 19, 2021. The transaction include participation from fund-1 Timefolio KOSDAQ Venter It's Time-MS 2 General Private Equity Trust for KRW 4,500,000,000, fund-2 Timefolio It's Time-MG 2 General Private Equity Trust for KRW 1,500,000,000, fund-3 Timefolio It's Time-Mezzanine I General Private Equity Trust for KRW 1,000,000,000 from Samsung Securities Co., Ltd, Fund to be established (tentative name) for KRW 38,000,000,000, and Time EVE 1 General Private Equity Trust (Professional Investor) for KRW 5,000,000,000 from Time Portfolio Asset Management Co., Ltd. The bonds bear a fixed coupon rate of 0% and will mature on December 15, 2025, the interest rate to maturity 0%. The bonds are fully convertible into 1,598,925 common shares from December 15, 2022 to November 15, 2025 at a fixed conversion price of KRW 31,271 per share. The expected payment date for bonds is December 15, 2021. The securities issued are subjected to one year hold period. The transaction was approved by board of directors of the company.
On December 14, 2021, the company announced that transaction include participation from Timefolio EVE 1 General Private Equity Trust (Professional Investor) from Korea Investment & Securities Co., Ltd. of fund 4 for KRW 38,000,000,000, and Shinhan Time Mezzanine Blind New Technology Investment Association for KRW 5,000,000,000. Cancelling Fund to be established (tentative name) for KRW 38,000,000,000, and Time EVE 1 General Private Equity Trust (Professional Investor) for KRW 5,000,000,000 from Time Portfolio Asset Management Co., Ltd. The remaining investors be the same.
Duksan Techopia Co., Ltd. is a company mainly engaged in the production and sale of chemical products. The Company is mainly involved in the manufacturing and sale of chemical products including organic light emitting diode (OLED) intermediates for displays and synthetic rubber materials. In addition, the Company provides evaporation materials for semiconductors, polymeric catalysts for synthetic resins and chemical raw materials.