Sang-A Frontec Co.,Ltd. announced that it expects to receive KRW 60 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., KB Securities Co., Ltd., Mirae Asset Securities Co. Ltd., Samsung Securities Co., Ltd. and other investors
May 07, 2023
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Sang-A Frontec Co.,Ltd. announced a private placement of series 6 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 60,000,000,000 on May 08, 2023. The transaction will include participation from new investors Samsung Securities Co., Ltd. for KRW 16,500,000,000, NH Investment & Securities Co., Ltd. for KRW 5,300,000,000, Mirae Asset Securities Co. Ltd. for KRW 1,000,000,000, KB Securities Co., Ltd. for KRW 12,000,000,000, Hanyang Time Mezzanine New Technology Fund for KRW 1,000,000,000, Samsung Innovation Energy New Technology Business Fund 1 for KRW 15,000,000,000, KB-NO&GREEN ESG New Technology Business Fund for KRW 5,000,000,000, and Ace - NLC New Technology Fund 2 for KRW 3,000,000,000, returning investors include Korea Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000.
The bonds will mature on May 10, 2028. The bonds are 100% convertible into 1,915,280 common shares at a fixed conversion price of KRW 31,327 per share. The bonds will start conversion from May 1, 2024 and will end on May 10, 2028.
The date of subscription and expected date of payment is May 10, 2023. The bonds are subject to a hold period of one year from the date of issue.
SANG-A FRONTEC CO.,LTD is a Korea-based company principally engaged in the manufacture of electronic and industrial components. The Company's product portfolio consists of rechargeable battery components, including insulators, gaskets and others; display components, including flat panel display (FPD) cassettes, polytetrafluoroethylene (PTFE) sheets and others; printer components, including fuser belts, transfer belts, metal belts, phase inverter (PI) tubes and others, as well as panel boxes, panel trays, backup boards, wafer carriers, shipping boxes and others. The Company distributes its products within domestic market and to overseas markets.
Sang-A Frontec Co.,Ltd. announced that it expects to receive KRW 60 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., KB Securities Co., Ltd., Mirae Asset Securities Co. Ltd., Samsung Securities Co., Ltd. and other investors
SANG-A FRONTEC CO.,LTD. 
