GIGALANE Co.,Ltd. announced that it expects to receive KRW 9 billion in funding
March 12, 2020
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GIGALANE Co.,Ltd. (KOSDAQ:A049080) announced a private placement of 17th unregistered private convertible bonds for gross proceeds of KRW 9,000,000,000 on March 13, 2020. The bonds carry fixed coupon rate of 4% and yield to maturity is 1%. The transaction included participation from Ideal First Private Equity Joint Venture. The bonds will be issued at its par value. The bonds will be 100% convertible into 7,992,894 registered common shares of the company at a fixed conversion price of KRW 1,126per share from March 20, 2021 to February 20, 2023. The transaction is expected to close on March 20, 2020. The bonds will expire on March 20, 2023. 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. 
