Sangsin Energy Display Precision Co.,Ltd. announced that it expects to receive KRW 10 billion in funding
July 26, 2019
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Sangsin Energy Display Precision Co.,Ltd. (KOSDAQ:A091580) announced a private placement of round 2 unregistered unsecured private convertible bond for gross proceeds of KRW 10,000,000,000 on July 26, 2019. The coupon rate and yield to maturity is 0%. The maturity date of bonds is July 31, 2024. The bonds are 100% convertible into 954,562 shares at a conversion price of KRW 10,476 from July 31, 2020 to June 30, 2024. The subscription date is July 30, 2019. The payment date is July 31, 2019. The transaction will include participation from new investor Daishin Venture Capital Fund 3.
SANGSIN ENERGY DISPLAY PRECISION CO., LTD. is a Korea-based company mainly engaged in the manufacture of secondary battery components. The Companyâs products consist of secondary battery components, including can type cases used for storage of battery electrolytes; breaker assemblies used for prevention of battery explosion; cap assemblies used for electricity flow, and others such as fuse assemblies, cap plates, terminal plates, lead plates, cap ups, tabs and sockets. It also involves in the manufacture of secondary battery pack assemblies, cap assemblies and others through its subsidiary. It distributes its products within domestic market and to overseas market. On January 10, 2014, the Company established a new wholly owned Malaysia-based subsidiary, SANGSIN ENERTECH SDN BHD.
SANGSIN ENERGY DISPLAY PRECISION CO.,LTD. 
