Hyulim ROBOT Co.,Ltd. announced that it has received KRW 14 billion in funding from Changwon.Corporation and other investor
December 27, 2020
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Hyulim ROBOT Co.,Ltd. (KOSDAQ:A090710) announced a private placement of series 12 bearer interest secured private equity convertible bonds for gross proceeds of KRW 10,000,0000,000 and series 13 bearer interest secured private equity convertible bonds for gross proceeds of KRW 4,000,0000,000 for aggregate gross proceeds of KRW 14,000,000,000 on December 28, 2020. The transaction will involve participation from Changwon.Corporation for series 12 bonds and Henry Park Co., Ltd. for series 13 bonds. The bonds coupon rate is 3% and interest rate to maturity is 5%. The maturity date is December 28, 2023. The bonds are fully convertible into shares at a conversion price of KRW 1,755 per share. The conversion of bonds starts on December 28, 2021 and ends on December 27, 2023. The transaction has been approved by the board of directors of the company.
Hyulim ROBOT Co.,Ltd., formerly DST ROBOT Co., Ltd., is a Korea-based company principally engaged in the manufacture of industrial robots. The Companyâs products consist of industrial robots, such as desktop robots, selective compliance assembly robot arm (SCARA) robots, vertically articulated robots, wafer transfer robots (WTRs) and liquid crystal display (LCD) transfer robots (LTRs), as well as service robots, such as such as guide robots, home security robots public service robots, pet robots and others. The Company distributes its products within domestic market and to overseas markets.