Sam-A Aluminium Company, Limited announced that it expects to receive KRW 10 billion in funding from JKL ESG Future Mobility Value Chain Private Equity Fund Co., Ltd
December 21, 2022
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Sam-A Aluminium Company, Limited announced a private placement of series 1 bearer-type unsecured privately placed convertible bonds for aggregate proceeds of KRW 10,000,000,000 on December 22, 2022. The transaction will include participation from JKL ESG Future Mobility Value Chain Private Equity Fund Co., Ltd. The bonds carry a yield to maturity of 3% per annum. The bond will mature on January 28, 2028 and will be 100% converted into 288,084 common shares. The conversion period for the bonds is from January 27, 2024 to December 28, 2027. The transaction is expected to close on January 27, 2023. The transaction has been approved by the board of director of the company.
On January 12, 2023, the company announced that the bonds will mature on January 31, 2028 and conversion period for the bonds is from January 27, 2024 to December 31, 2027.
SAM-A ALUMINIUM COMPANY, LIMITED is a Korea-based company engaged in the rolling and processing of aluminum products. The Company operates its business through two divisions: rolling division and processing division. Its rolling division engages in the manufacture of aluminum foils and its byproducts, which are used as raw materials for packaging, electrode, electronics, automobiles and cooling equipment. Its processing division provides processed aluminum products including processed aluminum foils, which are used as packaging materials for pharmaceuticals, tobaccos, foods, bakery products and others. The Company also provides aluminum pastes, which are used in ship bottom painting, automotive painting and structure painting. The Company distributes its products in domestic market and to the overseas markets.
Sam-A Aluminium Company, Limited announced that it expects to receive KRW 10 billion in funding from JKL ESG Future Mobility Value Chain Private Equity Fund Co., Ltd
SAM-A ALUMINIUM COMPANY, LIMITED 
