YoungWoo DSP Co., Ltd. announced that it expects to receive KRW 18 billion in funding from KB Investment Co., Ltd., G.N.TECH Venture Capital Co., Ltd., Korea Investment Partners Co. Ltd., Hanyang Securities Co. Ltd., Investment Arm
April 25, 2017
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YoungWoo DSP Co., Ltd. (KOSDAQ:A143540) announced a private placement of 3rd unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 18,000,000,000 on April 25, 2017. The transaction will involve participation from Hanyang Securities Co. Ltd., Investment Arm, existing investors KB Intellectual Property Investment Fund, a fund managed by KB Investment Co., Ltd., G.N.TECH Master Secondary Investment Fund, a fund managed by G.N.TECH Venture Capital Co., Ltd., Woori Growth Partnership New Technology PEF, a fund managed by Korea Investment Partners Co. Ltd. The bonds will not carry any coupon and would mature on April 27, 2022. The bonds are fully convertible into 1,659,904 common shares at a fixed conversion price of KRW 10,844 per share between April 27, 2018 and March 27, 2022. The bonds will be issued at par. The payment date of the transaction is April 27, 2017. The transaction has been approved by the board of directors of the company.
YoungWoo DSP Co.,Ltd. is a Korea-based company principally engaged in the display equipment. The Companyâs main products portfolio consists of organic light emitting diode (OLED)/liquid crystal display (LCD) equipment including OLED automatic visual testers, LCD automatic visual testers, LCD automatic module testers, OLED automatic final testers and others, LCD television (TV) display testing equipment, LED applicators, as well as LCD/OLED laser repair equipment, among others. It mainly distributes its products within domestic market.
YoungWoo DSP Co., Ltd. announced that it expects to receive KRW 18 billion in funding from KB Investment Co., Ltd., G.N.TECH Venture Capital Co., Ltd., Korea Investment Partners Co. Ltd., Hanyang Securities Co. Ltd., Investment Arm