RYUK-IL C&S., Ltd announced that it expects to receive KRW 9.99999792 billion in funding
October 05, 2018
Share
RYUK-IL C&S., Ltd announced a private placement of 2,360,160 registered redeemable convertible preferred shares at a price of KRW 4,237 per share for gross proceeds of KRW 9,999,997,920 on October 5, 2018. The transaction will involve participation from new investor KDB Small and Medium Enterprise Mezzanine Private Investment Partnership Corporation. The transaction will take place third party allotment. The shares have a face value of KRW 500 and will be issued at premium, the shares will be issued after discount of 10% on theoretical ex-rights share price. The redemption period of the shares will start from October 16, 2021 and end on October 16, 2028. The conversion period of the shares will start from October 16, 2019 and end on October 16, 2028. The company has 9,363,022 issued common shares. The shares are subject to a hold period of 1 year. The transaction is expected to close on October 15, 2018. The transaction has been approved by the board of directors of the company.
RYUK-IL C&S., Ltd is a Korea-based company mainly engaged in the manufacture of mobile phone cover glasses (CGs). The Company's product portfolio consists of main CGs for mobile phones including KF750, KM900, SU130, P990, LU2300, GF180, G2F320, G3F400, G4F500; 3D main CGs for mobile phones including G Flex1 F340 and G Flex2 F500; camera CGs for mobile phones including KF510, KM900, VX9100, P900, L05E, G F180, G2 F320, G3 F400, G4 F500; back covers for phones including G F180 and Nexus E960 and other CGs for laptop computers, MP3, pads and watches. The Company also provides tall processing services including optical clear resin direct bonding (OCR DB), cover glass assembly checking and physical vapor de-positioning (PVD).