EO Technics Co., Ltd. announced that it expects to receive KRW 1.9999298 billion in funding from Shinhan Capital Co., Ltd.
April 03, 2018
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EO Technics Co., Ltd. (KOSDAQ:A039030) announced a private placement of 27,247 registered redeemable convertible preferred stock at a price of 73,400 per share for gross proceeds of KRW 1,999,929,800 on April 4, 2018. The transaction will include participation from new investor Shinhan Capital Co., Ltd. The securities are issued through 3rd party allotment method. The preferred shares will be redeemed between period of October 23, 2021 to March 23, 2023. The preferred shares will be convertible into common shares of the company between April 23, 2019 to March 23, 2023. The securities issue din the transaction will be subject to the lock in period for 1 year. The transaction has been approved from board of directors of the company. The payment date is April 23, 2018.
EO Technics Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of semiconductor laser markers and laser application equipment. The Companyâs main offerings are laser markers, which are used to record information like date, name and sorts on the surface of wafers, inside of flat panel displays (FPDs) and other materials. It also provides laser cutters, laser drillers, laser trimmers, laser patterning machines and others, which are applied in the printed circuit board (PCB), secure digital (SD) memory cards and others. In addition, it imports and sells optical products, laser source gases and others, as well as PCB laser tall processing services. The Company distributes its products within domestic market and to overseas markets.
EO TECHNICS CO., LTD. 
