DMS Co.,Ltd. announced that it expects to receive KRW 7 billion in funding
October 17, 2019
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DMS Co., Ltd. (KOSDAQ:A068790) announced a private placement of 13th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 7,000 million on October 18, 2019. The bonds carry rate of interest of 1% per annum. The bonds are convertible into 1,307,930 common shares of the company at a conversion price of KRW 5,352 per share. The bonds will mature on October 30, 2021. The conversion period will start from October 30, 2020 and ends on October 29, 2021. The transaction is expected to close on October 30, 2019. The transaction will include participation from Jongju Ra. The transaction has been approved by the board of directors of the company.
DMS Co., Ltd. is a Korea-based company engaged in the manufacture of display manufacturing equipments. The Company provides display equipments, semiconductor equipments and solar cell equipments. Its display equipments include high-density cleaners (HDCs), developers, wet strippers, wet etchers, coaters and others. Its semiconductor equipments include dry etchers and others, which are used to remove unnecessary parts on wafers. Its solar cell equipments include crystalline, dye-sensitized products, thin films and others. It is also engaged in the leasing of real estate and other businesses. The Company through its subsidiaries is also engaged in the construction of wind power industries and provision of electricity. Its main customers include LG Display, Samsung Electronics, TIANMA, BOE-OT and others. The Company distributes its products within domestic market and to overseas markets.
DMS CO.,LTD. 
