Samjin LND Co., Ltd. announced that it has received KRW 2 billion in funding.
February 02, 2012 at 09:30 am IST
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Samjin LND Co., Ltd. (KOSE:A054090) announced a private placement of seventh unregistered unsecured private bonds with warrants for gross proceeds of KRW 2,000,000,000 on February 1, 2012. The bonds will bear coupon and yield of 2% and 6% respectively and will mature on February 2, 2015. The warrants will be 100% exercisable into shares at KRW 2,035 per share from February 2, 2012 till January 2, 2015. The payment date is February 2, 2012. Hanyang Securities Co. Ltd. will serve as lead manager to the company.
On February 2, 2012, Samjin LND Co., Ltd closed the transaction.
SAMJIN LND CO., LTD. is a Korea-based company mainly engaged in the manufacture of electronic components. The Company operates its business through four main divisions: component division, which provides mold frames, gaskets and protective plastic (PP) cases for television (TV) back light units (BLUs), secondary batteries, automobile components and others; mold division, which provides designs and manufactures molds for BLUs, electronic components and others; office automation (OA) division, which provides finishers for printers, and laser diode (LD) division, which light-emitting diode (LED) lighting equipment; The Company also provides resins. In addition, it engages in the real estate rental business.
SAMJIN LND CO., LTD. 
