GigaLane Co., Ltd. announced that it expects to receive KRW 21.000001992 billion in funding from Kepler Value Partners Co., Ltd., Neoplux Co., Ltd.
December 21, 2020
Share
GigaLane Co., Ltd. (KOSDAQ:A049080) announced private placement of 9,198,424 shares at a price of KRW 2,283 per share for gross proceeds of KRW 21,000,001,992 on December 22, 2020. The transaction included participation from existing investors Kepler Value Partners Co., Ltd. for 4,818,223 shares and Neoplux No.3 Private Equity Fund, a fund managed by Neoplux Co., Ltd. for 4,380,201 shares. The shares will be issued at a premium to par value of KRW 500 per share. The shares are subject to 1 year hold period. The expected payment date is December 30, 2020. The transaction is approved by the 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. 
