DMS Co., Ltd. announced that it has received KRW 6 billion in funding from IBK Capital Corporation and KDB Capital Corporation.
October 24, 2014 at 12:00 am EDT
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DMS Co., Ltd. (KOSDAQ:A068790) announced a private placement of 11th unregistered private convertible bonds for gross proceeds of KRW 6,000 million on October 23, 2014. The bonds will mature on October 24, 2017. The bonds will have yield to maturity of 5% per annum and coupon rate of 2% per annum. The bonds will be 100% convertible into common shares at KRW 2,464 per share. The conversion period will start from October 24, 2015 and will end on October 23, 2017. The transaction will include participation from IBK Capital Corporation which will invest KRW 3,000 million and KDB Capital Corporation which will invest KRW 3,000 million. The transaction is expected to have a payment date of October 24, 2014.
On October 24, 2014, DMS Co., Ltd. closed the transaction.
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.