UGint Co.Ltd. announced that it expects to receive KRW 3 billion in funding
September 26, 2016
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UGint Co.Ltd. (KOSDAQ:A195990) announced a private placement of third round of unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on September 27, 2016. The transaction will include participation from Golden Vista Fund 1. The bonds will be issued at par. The bonds will mature on October 7, 2019. The bonds will carry coupon rate of 2% per annum and yield to maturity of 4%. The bonds will be 100% convertible into common shares of the company at a fixed conversion price of KRW 7,910 per share from October 7, 2017 to September 7, 2019. The board of directors of the company approved the transaction. The subscription date is September 27, 2016 and payment date is October 7, 2016.
Abpro Bio Co., Ltd., formerly Ugint Co., Ltd., is a Korea-based company engaged in machine tools manufacturing. The Company produces and distributes small sized machining centers for notebooks, smart phones, tablet personal computers, mobile phones, base plates, light emitting diode (LED) and light crystal display (LCD) television panels, automobile parts, motorbikes parts and aircraft parts. The Company also engages in original equipment manufacturing business (OEM). The Company operates its business within domestic markets and foreign markets such as China and Europe countries.
ABPRO BIO CO., LTD. 
