ACT Co., Ltd. announced that it expects to receive KRW 15 billion in funding
May 06, 2021
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ACT Co., Ltd. (KOSDAQ:A131400) announced private placement of 6th non-guaranteed private equity convertible bonds for gross proceeds of KRW 15,000,000,000 to Nexton Bioscience Co., Ltd. on May 6, 2021. The bonds will have coupon rate of 2% and interest to maturity of 4%. The bonds will be issued at par and matures on May 7, 2024. The bonds are convertible into 2,658,631 shares at a fixed conversion price of KRW 5,642 per share from May 07, 2022 to April 07, 2024. The transaction is expected to close on May 7, 2021. The transaction was approved by the board of directors of the company.
EV Advanced Material Co Ltd, formerly Act Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of flexible printed circuit boards (FPCBs). The Companyâs products include single side FPCBs, double side FPCBs, double access FPCBs, multi FPCBs and rigid FPCBs. The Companyâs products are used in mobile phones, tablet personal computers (PCs), transport stream processor (TSP) modules, plasma display panel (PDP) modules, liquid crystal display (LCD) modules, camera modules, televisions and others. The Company sells its products in domestic and overseas markets such as China, Japan, and Europe.
EV ADVANCED MATERIAL CO.,LTD 
