Youngsin Metal Industrial Co., Ltd. announced that it has received KRW 4 billion in funding from FOS International Co., Ltd.
February 14, 2018
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Youngsin Metal Industrial Co., Ltd. (KOSDAQ:A007530) announced a private placement of 3rd series unregistered and unsecured private convertible bonds for gross proceeds of KRW 4,000,000,000 on February 14, 2018. The bonds will be fully convertible into common shares of the company at a fixed conversion price of KRW 3,490 per share. The bonds will carry a coupon of 3% and have a yield to maturity of 3%. The bonds will mature on February 14, 2021. The transaction included participation from FOS International Co., Ltd. for 1,000,000,000 shares, individual investors Hyukhee Kwon for 500,000,000 shares, Heejung Shim for 1,000,000,000 shares, and Jonghoon Lee for 1,500,000,000 shares.
YM Co Ltd, formerly Youngsin Metal Industrial, is a Korea-based company mainly engaged in the manufacture of fasteners. The Companyâs products portfolio consists of bolts including stud bolts, high tension bolts, high precision bolts, customized special bolts and others, and screws including self drilling screws (SDSs) and stainless steel screws, which are mainly used as automobile parts. Its products are also used as parts for electronics, interior decoration and others. Its main clients include Daewoo Motor, KIA Motor, Hyundai Motor, Daerim Motor, Samsung Electronics and others. The Company distributes its products within domestic market and to overseas markets.
YOUNGSIN METAL INDUSTRIAL CO., LTD. 
