Korea Plasma Technology U Co.,Ltd announced that it expects to receive KRW 5 billion in funding from SUSUNG ASSET MANAGEMENT Co., Ltd., NH Investment & Securities Co., Ltd., Investment Arm and other investors
August 03, 2021
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Korea Plasma Technology U Co.,Ltd announced a private placement of round 1 Non-guaranteed Private Equity Convertible Bonds with Bearer Type Interest Part for gross proceeds of KRW 5,000,000,000 on August 4, 2021. The transaction will include participation from New Growth One No. 2 New Technology Investment Association for KRW 500,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 500,000,000, funds managed by SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 2,000,000,000 and funds managed by Orion Asset Management for KRW 2,000,000,000. The bonds are zero coupon bonds with no yield to maturity, will mature on August 06, 2024 and are being issued at par value. The bonds are fully convertible into 583,226 common shares at a conversion price of KRW 8,573 per share from August 06, 2022 to July 06, 2024. The transaction has been approved by the board of directors of the company. The subscription and payment date is on August 06, 2021. The bonds are subject to a hold period of one year.
Korea Plasma Technology U Co.,LTD is a Korea-based company specialized in the development and provision of metal surface treatment technology. The Company provides vacuum treatment process to improve the hardness and strength of metal components; metal ceramic coating process, using plasmas to improve corrosion resistance of metal components; plasma surface treatment process to form superhard thin films and to improve lubricating and abrasion resistance of metal components; plasma physical vapor deposition (PVD) coating process using environment friendly plasmas to improve the abrasion and corrosion resistance of metal components, as well as liquid crystal display (LCD) panel process. It also engages in the manufacture of LCD moldings and panels, distribution of construction materials and work use materials, and operation of rental business.
Korea Plasma Technology U Co.,Ltd announced that it expects to receive KRW 5 billion in funding from SUSUNG ASSET MANAGEMENT Co., Ltd., NH Investment & Securities Co., Ltd., Investment Arm and other investors