Humax Co., Ltd. announced that it expects to receive KRW 12 billion in funding from Hands Partners Co., Ltd., BFA Co.,Ltd., Mirae Asset Daewoo Co., Ltd., Investment Arm, History Investment Management Co., Ltd., Eugene investment & Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm
June 10, 2020
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Humax Co., Ltd. (KOSDAQ:A115160) announced a private placement of 10th series of domestic unregistered coupon unsecured convertible private bonds for gross proceeds of KRW 12,000,000,000 on June 11, 2020. The transaction will include participation from returning investor Eugene investment & Securities Co., Ltd., Investment Arm for KRW 3,500,000,000, History Investment Management Co., Ltd. for KRW 3,000,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000, BFA Co.,Ltd. for KRW 1,500,000,000, Hands Partners Co., Ltd. for KRW 500,000,000, NH Investment & Securities Co., Ltd., Investment Arm, in the position of trust company of DS Design.I Private Investment Trust, for KRW 1,000,000,000, and NH Investment & Securities Co., Ltd., Investment Arm, in the position of trust company of C-Square Mezzanine Challenge and Audit Hedge Fund 1, for KRW 500,000,000. The bonds will be issued at par, do not carry any interest rate and yield to maturity, will mature on June 15, 2025, and are 100% convertible into 3,260,869 common shares at a fixed conversion price of KRW 3,680 per share. The conversion period is from June 15, 2021 to May 15, 2025. The transaction has been approved by the board of directors of the company. The subscription date and the payment date is June 15, 2020.
HUMAX Co., Ltd. is a Korea-based company engaged in the manufacture and marketing of set-top boxes (STBs). The Company provides digital STBs, which are used as broadcasting receivers, including high-definition (HD) satellite STBs, personal video recorder (PVR) STBs, cable HD PVRs and satellite HD PVRs. The company provides its products under the brand name of HUMAX. The Company distributes its products within domestic market and to overseas markets, including Asia, America, Europe, the Middle East, Latin America and others.