3S KOREA Co., Ltd. announced that it expects to receive KRW 1.91 billion in funding
January 23, 2019
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3S Korea Co., Ltd. (KOSDAQ:A060310) announced a private placement of 12th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 1,910,000,000 on January 24, 2019. The bonds bear coupon rate of 2% and yield to maturity of 4%. The bonds are 100% convertible into 782,145 common shares at KRW 2,442 per share from January 29, 2020 to December 28, 2021. The bonds will mature on January 29, 2022. The bonds will be issued at par. The subscription date of the bond is January 28, 2019 and payment date is January 29, 2019. The transaction included participation from individual investors Chansoo Park for KRW 250,000,000, Baehyung Lee and Heeseong Han for KRW 200,000,000, Youngsook Jung, Yonghee Han, Gilhwan Yoo, Donghoon Shin, and Yongho Lee for KRW 100,000,000, Kwangsam Kim for KRW 70,000,000, Kyungmoo Park for KRW 60,000,000, Sookja Yoon, Byungyoon Kang, Miyoung No, Sooyeon Lee, Joongbo Lee, Taehyun Lee, Kwangho Lee, Mija Kim, Myunghee Kim, Jaeyoung Lee, Choonil Kang, and Kihong Tae for KRW 50,000,000, and Kangjun Kim for KRW 30,000,000. The transaction has been approved by the board of directors of the company.
3S KOREA Co., Ltd. is a Korea-based company mainly engaged in the wafer carrier and air conditioning businesses. The Company operates in two business segments: wafer carrier and environment. Its wafer carrier segment manufactures front-opening shipping boxes (FOSBs), front opening unified pods (FOUPs), open cassettes (O/Cs), 300mm wafer carriers and others. Its environment segment provides calorimeters, including compressor calorimeters, automotive AC calorimeters, psychometric type AC calorimeters and others, environment control systems, including environment test equipment for room air conditioners, automotive wind tunnel type environment equipment, artificial snowfall apparatus and others, as well as micro-algae carbon dioxide fixation (MCDF). In addition, the Company is involved in the installation, operation and maintenance of related equipment.
3S KOREA CO., LTD. 
