GIGALANE Co.,Ltd. announced that it expects to receive KRW 13 billion in funding from Neoplux Co., Ltd. and another investor
October 17, 2018
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GIGALANE Co.,Ltd. (KOSDAQ:A049080) announced a private placement of 16th unregistered private convertible bonds for gross proceeds of KRW 13,000,000,000 on October 18, 2018. The transaction included participation from returning investor Rockefell Co., Ltd. and new investor Neoplux No.3 Private Equity Fund, a fund managed by Neoplux Co., Ltd. for KRW 5,000,000,000 and KRW 8,000,000,000. The bonds carry fixed coupon rate of 1% and yield to maturity is 3%. The bonds will be issued at its par value. The bonds will mature on October 30, 2023. The bonds will be 100% convertible into 5,094,043 registered common shares of the company at a fixed conversion price of KRW 2,552 per share from October 30, 2019 to September 30, 2023. The subscription date is October 18, 2018 and the payment date is October 30, 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. 
