Finetechnix Co.,Ltd. announced that it expects to receive KRW 15 billion in funding from SK Securities Private Equity, Shinhan Investment Corp., Investment Arm, SBI Savings Bank Inc., Investment Arm, Shinhan Capital, Investment Arm, Eugene investment & Securities Co., Ltd., Investment Arm, and another investor
June 21, 2016
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Finetechnix Co.,Ltd. (KOSDAQ:A106240) announced a private placement of fourth series unregistered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 15,000,000,000 on June 22, 2016. The bonds will mature on June 24, 2021. The bonds will not bear any interest and will have a yield to maturity of 2%. The lump-sum redemption amount will be payable on maturity date. The bonds will be 100% convertible at a fixed conversion price of KRW 3,090 per share from June 24, 2017 to May 24, 2021. The transaction will include participation from new investors, Eugene investment & Securities Co., Ltd., Investment Arm for KRW 6,000,000,000, Shinhan Capital, Investment Arm for KRW 2,000,000,000, SBI Savings Bank Inc., Investment Arm for KRW 2,000,000,000, Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, SK Securities Private Equity for KRW 1,000,000,000, and C Square Mezzanine Plus Specialty PEF 1 for KRW 2,000,000,000. The transaction is expected to close on June 24, 2016. The transaction has been approved by the board of directors.
Fine Technix Co Ltd is a Korean-based company engaged in the manufacture and sale of light emitting diode lighting (LED) products. The Company is mainly engaged in the manufacture and sale of conventional fluorescent lamp replacement surface lighting, LED parking lights. In addition, the Company is engaged in the manufacture and sale of incandescent and halogen replacement LED downlights, high ceiling lights, LED street and security lights, LED flood lights, and LED lighting. The Company launches a brand called Fine Homes.
Finetechnix Co.,Ltd. announced that it expects to receive KRW 15 billion in funding from SK Securities Private Equity, Shinhan Investment Corp., Investment Arm, SBI Savings Bank Inc., Investment Arm, Shinhan Capital, Investment Arm, Eugene investment & Securities Co., Ltd., Investment Arm, and another investor
FINETECHNIX. CO.,LTD. 
