Hyunwoo Industrial Co., LTD announced that it expects to receive KRW 5 billion in funding
April 20, 2018
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Hyunwoo Industrial Co., LTD (KOSDAQ:A092300) announced a private placement of 2nd weapon myeong-sik coupon unregistered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on April 20, 2018. The bonds are issued at zero interest rate and will mature on April 24, 2021. The bonds can be 100% converted into 1,206,563 common shares for 7.77% stake of the company at a fixed conversion price of KRW 4,144 per share. The conversion period is from April 15, 2019 to March 24, 2021. The transaction has been approved by the board of directors of the company. The transaction is expected to close by April 24, 2018.
HYUNWOO INDUSTRIAL CO.,LTD. is a Korea-based company engaged in the manufacture of printed circuit boards (PCBs). The Company produces double-sided PCBs and multilayer PCBs, which are used for home appliances, such as air conditioners, washing machines and liquid crystal display (LCD) televisions (TVs); multimedia, such as Internet protocol (IP) set top boxes and digital video disc rewritable (DVD-RW) players; office automation (OA) equipment, such as printers, copiers and multifunction machines; automobile components, such as digital multimedia broadcasting (DMB) navigations and car audios; communication equipment, such as wireless broadband (WiBro) systems, and displays, such as light emitting diodes (LEDs), thin film transistor (TFT) LCDs and others. It also provides inks, panel PCBs and by-products. The Company distributes its products within domestic market and to overseas markets.
HYUNWOO INDUSTRIAL CO., LTD 