DST Robot Co., Ltd. announced that it expects to receive KRW 5 billion in funding from Beijing Linksun Technology Co., Ltd., Lead Dragon Limited
January 20, 2017
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DST Robot Co., Ltd. (KOSDAQ:A090710) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on January 20, 2017. The transaction will include participation from existing investors Beijing Linksun Technology Co., Ltd. and Lead Dragon Limited for KRW 2,000,000,000 and KRW 3,000,000,000 respectively. The bonds will mature on February 14, 2020. The bonds carry a fixed annual coupon of 2% and yield to maturity of 4%. The bonds are fully convertible into 1,103,022 common shares of the company at a fixed conversion price of KRW 4,533 per conversion share between the periods of February 14, 2018 to February 13, 2020. The subscription date is January 20, 2017 and the payment date is February 14, 2017. The transaction has been approved by the board of directors of the company.
Hyulim ROBOT Co.,Ltd., formerly DST ROBOT Co., Ltd., is a Korea-based company principally engaged in the manufacture of industrial robots. The Companyâs products consist of industrial robots, such as desktop robots, selective compliance assembly robot arm (SCARA) robots, vertically articulated robots, wafer transfer robots (WTRs) and liquid crystal display (LCD) transfer robots (LTRs), as well as service robots, such as such as guide robots, home security robots public service robots, pet robots and others. The Company distributes its products within domestic market and to overseas markets.