SGA Solutions Co.,Ltd. announced that it expects to receive KRW 15 billion in funding from Kaya Shipping Co., Ltd., incomiz CO.LTD, Air & People Co., Ltd.
June 18, 2018
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SGA Solutions Co.,Ltd. (KOSDAQ:A184230) announced that it will receive a private placement of 3rd unregistered and unsecured private convertible bonds for gross proceeds of KRW 15,000,000,000 on June 20, 2018. The convertible bonds will be converted into 6,468,305 shares. The bonds have a maturity date of June 20, 2023. Each bond can be converted into common share of the company at a price of KRW 2,319 per bond at a conversion rate of 100%, for a period of up to May 20, 2023. The transaction involved participation from Focus Asset Management Corporation and Mirae Asset Treatment Corporation for KRW 5,000,000,000, Corporation time polio asset management and Samsung Securities Co. Ltd. corporation for KRW 2,900,000,000 and Corporation time polio asset management and Shinhan Investment Corp. corporation for KRW 2,100,000,000, and other investors.
SGA Solutions Co Ltd is a Korea-based company mainly engaged in the provision of software security solutions. The Company develops and provides security solutions such as server security, application security, endpoint security, and integrated security. And the Company also provides services such as building and maintenance of system. In addition, the Company sells products such as Motorola solutions.
SGA Solutions Co.,Ltd. announced that it expects to receive KRW 15 billion in funding from Kaya Shipping Co., Ltd., incomiz CO.LTD, Air & People Co., Ltd.