Solueta Co., Ltd. announced that it expects to receive KRW 12 billion in funding
May 13, 2018
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Solueta Co., Ltd. (KOSDAQ:A154040) announced a private placement of 3rd unguaranteed unsecured convertible bonds for gross proceeds of KRW 12,000,000,000 on May 14, 2018. The bonds will mature on May 16, 2023. The bonds bear zero interest per annum and yield to maturity of 1% per annum. The bonds are 100% convertible into 2,325,581 common shares of the company at a fixed conversion price of KRW 5,160 per share. The conversion period is from May 16, 2019 to April 16, 2023. The transaction is expected to close on May 16, 2018. The transaction has been approved by the board of directors of the company.
Dasan Solueta Co Ltd, formerly Solueta Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of automotive parts. The Company operates its business through three segments. The Automobile Parts segment is engaged in the manufacture and sale of products such as anti-vibration rubber, air hose, weather strip and damping bush. The Electromagnetic Wave Shielding Material segment is engaged in the manufacture and sale of products such as conductive tapes, conductive cushions and radio wave absorbers. The Filter segment is engaged in the manufacture and sale of melt blown filters.
DASAN SOLUETA CO.,LTD. 
