SFC Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from JS & Partners Co., Ltd., Haedong Partners Co., Ltd.
July 27, 2018
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SFC Co.,Ltd. (KOSDAQ:A112240) announced a private placement of 6th series unregistered coupon unguaranteed and unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on July 27, 2018. The transaction will include participation from JS & Partners Co., Ltd. and returning investor Haedong Partners Co., Ltd. for KRW 5,000,000,000 each respectively. The bond will issue at par value. The bonds will mature on September 12, 2021. The bonds are 100% convertible into 1,869,508 common shares of the company at fixed conversion price of KRW 5,349 per share which will start on September 12, 2019 and end on August 12, 2021. The bonds do not carry any coupon and yield to maturity of 5%. The subscription date of the bond is July 27, 2018 and payment date is September 12, 2018.
SFC Co. Ltd is a Korea-based company mainly engaged in the production and sale of special films. The Company's products portfolio consists of back sheets and other films. The back sheets include thermoplastic and fluoropolymer multi-layered back films, which are used for photovoltaic solar module parts. Other films include coated films and laminating films under various categories such as glossy films, matt films, color films, bio laminating, polyethylene terephthalate (PET) banners, clear PET banners, cold films, white opaque, sticky back films and others, which are used for protection of printouts and actual image materials. It also engages in the digital printing media business, providing polyethylene terephthalate (PET) banners, clear PET banners, PET backlight films, papers, easy banners, poly banners and others. The Company distributes its products within domestic market and to overseas markets.
SFC CO LTD 
