CS Corporation announced that it expects to receive KRW 7 billion in funding from DB Financial Investment Co.,Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm and other investors
June 27, 2021
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CS Corporation (KOSDAQ:A065770) announced a private placement of 5th series non-guaranteed private equity convertible bonds with bearer type interest part for KRW 7,000,000,000 on June 28, 2021. The transaction will include participation from new investors, Suseong KOSDAQ Venture B2 Professional Investment Criminal Equity Trust for KRW 700,000,000, Suseong KOSDAQ Venture B3 Specialized Investment Criminal Equity Investment Trust for KRW 1,000,000,000, Suseong KOSDAQ Venture B6 Specialized Investment Criminal Equity Investment Trust for KRW 800,000,000, Suseong KOSDAQ Venture B4 Specialized Investment Criminal Equity Trust for KRW 1,000,000,000, Queens Guard KOSDAQ Venture Specialized Investment Criminal Equity Trust No. 4 for KRW 1,000,000,000, DB Financial Investment Co.,Ltd., Investment Arm for KRW 1,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000 and Shinyoung Plan Up KOSDAQ Venture Public Offering (Suseong Advisory) Specialized Investment Criminal Equity Investment Trust for KRW 500,000,000. The bond bears no interest rate and will mature on June 30, 2026. The bonds will be 100% converted into 1,064,476 common shares representing 5.56% stake of the company at a fixed conversion price of KRW 6,576 per share. The conversion period is from June 30, 2022 to May 30, 2026. The transaction has been approved by the board of directors of the company. The payment date is June 30, 2021.
CS CORPORATION. is a Korea-based company engaged in the manufacture and marketing of telecommunication equipment. Along with its subsidiaries, the Company operates in three business divisions: communication equipment division, which provides radio frequency (RF) repeaters, optical repeaters, home repeaters, wireless broadband (WiBro) repeaters, digital television (DTV) repeaters and outdoor base station repeaters used for mobile telecommunication, base station and broadcasting sectors, as well as maintenance services; organic light-emitting diode (OLED) division, which mainly manufactures organic materials used for OLED manufacturing, and other business division, which provides digital multimedia broadcasting (DMB) devices, voice recognition systems and others.
CS Corporation announced that it expects to receive KRW 7 billion in funding from DB Financial Investment Co.,Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm and other investors