Hyulim ROBOT Co.,Ltd. announced that it expects to receive KRW 10 billion in funding
November 29, 2021
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Hyulim ROBOT Co.,Ltd. announced a private placement of 14th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on November 29, 2021. The transaction will include participation from KD Investment Association. The bond carry coupon rate of 3% and have yield to maturity of 5%. The bonds are issued at par and will mature on April 5, 2025. The bonds will be 100% converted into 13,210,039 common shares representing 9.53% of the total shares of the company at a fixed conversion price of KRW 757 per share. The conversion period is from April 5, 2023 to April 4, 2025. The payment date of the transaction is April 5, 2022. The transaction has been approved by the board of director's of the company. The securities issued will be subject to restriction period of one year from issuance.
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.