JangWonTech Co., Ltd. announced that it expects to receive KRW 25 billion in funding from Meritz Securities Co., Ltd., Investment Arm
February 16, 2021
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JangWonTech Co., Ltd. (KOSDAQ:A174880) announced that it will issue series 10 non-registered unguaranteed private convertible bonds with bearer interest for gross proceeds of KRW 25,000,000,000 on February 17, 2021. The bonds will be issued at par. The transaction will include participation from Meritz Securities Co., Ltd., Investment Arm. The bonds will bear fixed interest rate of 3.5% per annum and interest rate to maturity of 5%. The bonds will mature on February 25, 2024. The bonds are convertible into 21,626,297 common shares at a fixed conversion price of KRW 1,156 per share from February 26, 2022 to February 21, 2024. The date of subscription is February 17, 2021 and expected date of payment is February 25, 2021. The transaction is approved by the board of directors of the company.
JangWonTech Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of smart phone brackets. The Companyâs products mainly include liquid crystal display (LCD) brackets, which are the main component of mobile phoneâs LCD devices, front cases and rear cases of smart phones. The Company is also engaged in the manufacture of tablet personal computer (PC) brackets. The Company also produces thermal imaging camera parts, notebook parts, medical appliance parts, heat sinks of headlamp and others. The Company distributes its products within domestic market and to overseas markets.
JANGWONTECH CO., LTD. 
