JT Corporation announced that it expects to receive KRW 7 billion in funding from IBK Capital Corporation, NH Investment & Securities Co., Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm, and other investors.
June 24, 2016
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JT Corporation (KOSDAQ:A089790) announced a private placement of third unregistered coupon unguaranteed unsecured private convertible bonds for gross proceeds of KRW 7,000,000,000 on June 24, 2016. The bonds will be issued at its par value. The bonds will mature on June 28, 2021. The bonds will not bear any interest and will have a yield to maturity of 1%. The lump-sum redemption amount will be payable on maturity date. The bonds will be 100% convertible at a fixed conversion price of KRW 3,587 per share from June 28, 2017 to May 28, 2021. The subscription date and the payment date for the bonds are expected on June 28, 2016. The transaction will include participation from Anda Mezzanine Private Equity Investment Hedge Fund No. 1, Anda Planet Private Investment Fund No. 1, Lime GAIA Private Equity Investment Fund No. 1, Lime Jupiter Private Equity Investment Fund No. 1, Lime Saturn Private Equity Investment Fund No. 1, Lime Mercury Private Equity Investment Fund No. 1, Lime Neptune Private Equity Investment Fund No. 1, IBK Capital Corporation, NH Investment & Securities Co., Ltd., Investment Arm, and Korea Investment & Securities Co., Ltd., Investment Arm for KRW 2,200,000,000, KRW 300,000,000, KRW 300,000,000, KRW 300,000,000, KRW 300,000,000, KRW 300,000,000, KRW 300,000,000, KRW 1,000,000,000, KRW 1,000,000,000, and KRW 1,000,000,000 respectively. The transaction was approved by the board of directors of the company.
JT Corporation is a Korea-based company mainly engaged in the manufacture and distribution of semiconductor testing equipment. The Companyâs products portfolio consists of semiconductor systems, including burn-in sorters, solid state drive (SSD) test handlers, simple handlers, semiconductor vision inspection systems and others; light-emitting diode (LED) systems, such as LED probers and LED sorters; display drive integrated circuit (DDI), including DDI vision inspection systems and DDI pick and place handlers, as well as organic light-emitting diode (OLED) testing equipment, laser pattern equipment, multilayer laminator equipment and other equipment components. In addition, it provides conversion kits and parts. The Company distributes its products within domestic market and to overseas markets.
JT Corporation announced that it expects to receive KRW 7 billion in funding from IBK Capital Corporation, NH Investment & Securities Co., Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm, and other investors.
JT CORPORATION 