JangWonTech Co., Ltd. announced that it expects to receive KRW 20 billion in funding
January 04, 2019
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JangWonTech Co., Ltd. (KOSDAQ:A174880) announced a private placement of 1st round unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on January 4, 2019. The transaction will include participation from Solomon Investment Fund 1. The bonds carry coupon rate of 2% and yield to maturity of 2%. The bonds will mature on February 27, 2022. The bonds are 100% convertible at fixed conversion price of KRW 19,820 per share into 1,009,081 shares. The conversion period will start on February 27, 2020 and will end on January 27, 2022. The payment date for bonds is February 27, 2019. The transaction has been approved by the board of directors of the company.
JangWonTech Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of smart phone brackets. The Companyâs products mainly include liquid crystal display (LCD) brackets, which are the main component of mobile phoneâs LCD devices, front cases and rear cases of smart phones. The Company is also engaged in the manufacture of tablet personal computer (PC) brackets. The Company also produces thermal imaging camera parts, notebook parts, medical appliance parts, heat sinks of headlamp and others. The Company distributes its products within domestic market and to overseas markets.
JANGWONTECH CO., LTD. 
