DE&T Co., Ltd. announced that it expects to receive KRW 14.99994566 billion in funding from BNK Securities Co., Ltd., Investment Arm, Evest Investment Securities Co., Ltd., Kiwoom Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Asset Management Arm
August 03, 2020
Share
DE&T Co., Ltd. (KOSDAQ:A079810) announced a private placement of 2,279,627 preferred shares at a price of KRW 6,580 per preferred share for gross proceeds of KRW 14,999,945,660 on August 4, 2020. The company is raising funding through third party allocation increase. The transaction will include participation from new investors J&Moorim Dream New Technology Business Fund for 759,878 shares, public offering share Ritz Securities Investment Trust for 303,951 shares, BNK Securities Co., Ltd., Investment Arm for 151,975 shares, DS INVESTMENT & SECURITIES CO.,LTD. for 151,975 shares, GVA Fortress-A Hedge Fund, GVA Saber-G Hedge Fund for 136,777 shares, GVA Fortress-V Hedge Fund for 15,197 shares, NH Absolute Return Specialty Investment Type Private Investment Trust No. 1, fund managed by NH Investment & Securities Co., Ltd., Asset Management Arm for 151,975 shares, C-Square Mezzanine Plus Hedge Fund 18 for 121,580 shares, C-Square Mezzanine Plus Hedge Fund 19 for 30,395 shares, Anda Cruise Hedge Fund 1 for 60,790 shares, Anda Voyager Hedge Fund 1 for 15,197 shares, Anda H Growth Finance Hedge Hedge Fund 2 for 75,987 shares, Evest Investment Securities Co., Ltd. for 151,975 shares and from Kiwoom Securities Co., Ltd., Investment Arm for 151,975 shares. The payment date of the transaction is August 12, 2020. The preferred shares are convertible into common shares at a price of KRW 6,580 from August 13, 2021 to August 12, 2025. All securities issued in the transaction have a hold period of one year. The transaction has been approved by the board of directors.
DE&T Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of flat panel display (FPD) equipment and components. The Company produces inspection equipment for liquid crystal displays (LCDs), plasma display panels (PDPs) and active matrix organic light emitting diodes (AMOLEDs). The Companyâs products mainly consist of macro and micro inspections used to test defects in the thin film transistor glasses and color filter glasses by illuminations and microscopes; gross testers used to test defects in FPD cells; PDP bulb testers and label distribution protocol (LDP) devices used to test panels and conduct laser direct patterning, and others, such as components and probe units. The Company distributes its products within domestic market and to overseas markets.
DE&T CO., LTD. 
