GIGALANE Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from SG Ace Inc.
March 14, 2018
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GIGALANE Co.,Ltd. (KOSDAQ:A049080) announced a private placement 15th series unregistered private convertible bonds for the gross proceeds of KRW 10,000,000,000 on March 15, 2018. The transaction included participation from new investor SG Ace Inc. The bond carries coupon rate of 1% and yield to maturity is 3%. The bonds will be fully convertible into shares at a fixed conversion price of KRW 3,030 per share between March 30, 2019 to February 28, 2022. The bond will mature on March 30, 2022. The subscription date is March 15, 2018 and the payment date is March 15, 2018. The transaction has been approved from board of directors of the company.
GIGALANE Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of radio frequency (RF) communication components and semiconductor equipment. The Company operates its business through three divisions: RF communication component division, semiconductor equipment division and other business division. Its RF communication component division engages in the manufacture of RF cable assemblies and RF connectors used for smart devices under the brand names of SCMP, SCMJ and others. Its semiconductor equipment division provides light-emitting diode (LED) and deep reactive ion etching (DRIE) etcher parts used for semiconductors. Its other business division provides inspection components, including probe cards and probe units. The Company distributes its products within domestic market and to overseas markets.
GIGALANE CO.,LTD. 
