Optrontec Inc. announced that it expects to receive KRW 5 billion in funding from KDB Capital Corporation, Investment Arm
January 07, 2019
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Optrontec Inc. (KOSDAQ:A082210) announced a private placement of round 9th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on January 7, 2019. The transaction will include participation from existing investor KDB Capital Corporation, Investment Arm. The bond will mature on January 9, 2024. The bonds will be convertible into the common shares of the company at a fixed conversion price of KRW 4,483 per share and will be convertible from January 9, 2020 to December 9, 2023. The subscription date and payment date is expected on January 8, 2019 and January 9, 2019 respectively. The transaction was approved by the board of directors of the company.
OPTRONTEC Inc. is a Korea-based company engaged in the manufacture of glass-based optical devices. The Companyâs products consist of filters for image sensors, which are applied in mobile phones and digital cameras; optical filters, which are applied in digital versatile discs (DVDs) players and Blue-ray players, game devices and others, as well as lens and modules, which are applied in digital cameras, digital camcorders, closed circuit television (CCTV) systems, black box cameras for automobiles and others. The Company distributes its products within domestic market and to overseas markets.
OPTRONTEC INC. 
