InkTec Co., Ltd. announced that it has received KRW 5 billion in funding from Synergy Partners Co., Ltd.
December 04, 2014 at 12:00 am EST
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InkTec Co., Ltd. (KOSDAQ:A049550) ) announced a private placement of fifth unregistered/unsecured private convertible bonds for gross proceeds of KRW 5,000 million on December 2, 2014. The bonds will mature on December 4, 2019. The bonds will have yield to maturity of 4% per annum and coupon rate of 1.5% per annum. The bonds will be 100% convertible into common shares at KRW 10,943 per share. The bonds will have lump sum redemption on the maturity date. The conversion period will start from December 4, 2015 and will end on November 4, 2019. The transaction will involve participation from Synergy Partners Co., Ltd.
On December 4, 2014, InkTec Co., Ltd. closed the transaction.
INKTEC CO., LTD. is a Korea-based company that specializes in the manufacture of ink products. The Company mainly operates in three divisions: image printing, printed electronics and printing system. Its image printing division produces refill inks used in office automation printers, bulk inks used in inkjet printers, electronic inks, as well as commercial inks used in large format printers (LFPs), including refill type and cartridge type. Its printed electronics division produces inks and coatings, paste inks, reflective films, conductive silver inks and others. Its printing system division produces ultraviolet inkjet printer under the brand name JETRIX. It also involves in the provision of media papers, toners, inkjets and others, as well as leasing business. The Company distributes its products within domestic market and to overseas markets.
INKTEC CO., LTD. 
