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    A039560   KR7039560008

DASAN NETWORKS, INC.

(A039560)
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Solueta Co., Ltd. announced that it expects to receive KRW 8.6 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, DASAN Networks, Inc.

05/12/2020 EDT

Solueta Co., Ltd. (KOSDAQ:A154040) announced a private placement of series 4 non-guaranteed private equity convertible bonds for gross proceeds of KRW 3,000,000,000 and series 5 non-guaranteed private equity convertible bonds for gross proceeds of KRW 5,600,000,000 for an aggregate gross proceeds of 8,600,000,000 on May 12, 2020. The transaction will involve participation from new investors, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 2,800,000,000 and Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 200,000,000 and returning investor DASAN Networks, Inc. (KOSDAQ:A039560) for KRW 5,600,000,000. The bonds will mature on May 14, 2024. The series 4 bonds do not carry any coupon and yield to maturity of 1% per annum. The series 4 bonds are 100% convertible into 1,207,242 common shares of the company at a fixed conversion price of KRW 2,485 per share. The conversion period is from May 14, 2021 to April 14, 2024. The transaction is expected to close on May 14, 2020. The transaction has been approved by the board of directors of the company. The series 5 bonds carry an interest rate of 1%. The series 5 bonds are convertible into 2,253,521 common shares at a fixed conversion price of KRW 2,485 per share.


ę S&P Capital IQ 2020
All news about DASAN NETWORKS, INC.
2020Solueta Co., Ltd. announced that it has received KRW 8.6 billion in funding from Korea ..
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2020Solueta Co., Ltd. announced that it expects to receive KRW 8.6 billion in funding from ..
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2019DASAN Networks, Inc. announced that it has received KRW 31 billion in funding from Mira..
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2019DASAN Networks, Inc. announced that it expects to receive KRW 31 billion in funding fro..
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2018DASAN NETWORKS, INC.(KOSDAQ : A039560) added to S&P Global BMI Index
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2018DASAN Networks, Inc. announced that it has received KRW 20 billion in funding from SUSU..
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2018DASAN Networks, Inc. announced that it expects to receive KRW 20 billion in funding fro..
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2017Shah Capital Fund, LP managed by Shah Capital Management, Inc, Himanshu H. Shah, Hong L..
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2017Shah Capital Fund, LP managed by Shah Capital Management, Inc, Himanshu H. Shah, Hong L..
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2016Solueta Co., Ltd. completed the acquisition of DMC Co. Ltd. from DASAN Networks, Inc., ..
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Financials
Sales 2020 405 B 343 M 343 M
Net income 2020 -13 449 M -11,4 M -11,4 M
Net cash 2020 1 338 M 1,13 M 1,13 M
P/E ratio 2020 -32,3x
Yield 2020 -
Capitalization 286 B 242 M 243 M
EV / Sales 2019 0,70x
EV / Sales 2020 1,13x
Nbr of Employees 37
Free-Float 79,6%
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Mean consensus -
Number of Analysts 0
Last Close Price 8 050,00 
Average target price
Spread / Average Target -
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Managers and Directors
Min-Woo Nam Chairman & Chief Executive Officer
Choon-Yul Yoo President, COO & Director
Kyung-Cheol Son Chief Financial Officer
Jang-Woo Lee Independent Director
Chan-Young Chae Independent Director