Haesung Optics Co., Ltd. announced that it expects to receive KRW 20 billion in funding from Industrial Bank of Korea, Investment Arm, Twosun-Pizzazz Private Equity Fund, KB Investment Co., Ltd., Korea Investment Partners Co. Ltd., SK Securities Private Equity
January 25, 2017
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Haesung Optics Co., Ltd. (KOSDAQ:A076610) announced a private placement of 4th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 20,000,000,000 on January 26, 2017. The transaction will include participation from IBK-SKS Private Equity Fund 2012 for KRW 5,000,000,000, Twosun-Pizzazz Private Equity Fund for KRW 5,000,000,000, KB Investment Co., Ltd. for KRW 1,500,000,000, KB Outstanding Tech Company Investment Fund for KRW 2,500,000,000, Woori Growth Partnership New Technology Private Fund for KRW 4,000,000,000, Korea Investment Promising Service Industry Investment Fund for 2,000,000,000. The bonds carry zero coupon rate and fixed yield to maturity of 2%. The bonds have maturity date of January 31, 2021. The bonds are convertible into registered common shares of the company at a conversion price of KRW 5,173 for a period from January 31, 2018 to December 31, 2020. The subscription and payment date for the bonds is January 26, 2017 and January 31, 2017 respectively. The transaction was approved by the board of directors.
Haesung Optics Co., Ltd. is a Korea-based company principally engaged in the manufacture of optical components for mobile phones. The Companyâs products consist of camera modules, including five mega lens modules, five mega camera modules, eight mega lens modules, eight mega camera modules and13 mega lens modules, which are applied in mobile phones, as well as mobile lenses, glass lenses and black boxes, surveillance cameras and other optical modules for automobiles. The Companyâs products are mainly distributes to overseas markets.
Haesung Optics Co., Ltd. announced that it expects to receive KRW 20 billion in funding from Industrial Bank of Korea, Investment Arm, Twosun-Pizzazz Private Equity Fund, KB Investment Co., Ltd., Korea Investment Partners Co. Ltd., SK Securities Private Equity