Jooyon Tech Co., Ltd. announced that it expects to receive KRW 6 billion in funding from Hwapyong Holdings Co.,Ltd and another investor
January 18, 2018
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Jooyon Tech Co., Ltd. (KOSE:A044380) announced a private placement of 3rd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on January 18, 2018. The transaction will include participation from returning investor Hwapyong Holdings Co.,Ltd for KRW 4,000,000,000 and new investor The More Co., Ltd. for KRW 2,000,000,000. The company will issue bonds at par. The bonds carry fixed interest rate of 3.5% per annum and yield to maturity of 3.5%. The maturity of the bonds is January 22, 2021. The bonds are convertible at a fixed conversion price of KRW 656 per share from January 22, 2019 to December 22, 2020. The transaction was approved by the board of directors of the company. The transaction is expected to close on January 22, 2018.
JOOYONTECH CO., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of personal computers (PCs) and computer peripheral products. The Companyâs products portfolio consists of PC desktops, liquid emitting diode (LED) monitors for PC use, and computer peripheral products, such as mouse, keyboards, speakers and others under the brand name JOOYONTECH Computer. In addition, the Company is involved in the distribution of its PC products through local agents, service centers and other distributors, such as Internet shopping malls, television and home shopping channels, discount stores and others. The Company distributes its products within domestic market and to overseas markets.
JOOYONTECH CO., LTD 
