KPM TECH Co., Ltd. announced that it has received KRW 10 billion in funding from Hands Partners Co., Ltd., Dawin Technology Finance Co., Ltd. and other investors
January 17, 2021
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KPM TECH Co., Ltd. (KOSDAQ:A042040) announced a private placement of round 10 domestic bearer part two unsecured convertible notes private equity for gross proceeds of KRW 10,000,000,000 on January 18, 2021. The transaction included participation from Seed in Company Limited for KRW 3,000,000,000, Hands Partners Co., Ltd. for KRW 2,500,000,000, Darwin Venture Capital Co., Ltd; a fund managed by Dawin Technology Finance Co., Ltd. for KRW 500,000,000, Jekumeon Investment Co., Ltd for KRW 500,000,000, U&I Partners Co., Ltd for KRW 300,000,000, BlackNumber Investment Management Co.,Ltd. for KRW 300,000,000, individual investors Gyun-i Shin for KRW 1,000,000,000, Yong-dong Yeo for KRW 500,000,000, Myeong-jin Seol for KRW 500,000,000, Seong-gi Baek for 200,000,000, Yoon-seon Yeo for KRW 200,000,000, Jong-pil Lee for KRW 200,000,000, Eung-jo Choi for KRW 200,000,000 and Kwang-woo Choi for KRW 100,000,000. The bonds bear a fixed surface interest rate of 4% and interest rate to maturity of 4%. The notes are unsecured and redeemable. The bonds have a maturity date of January 18, 2024. The bonds are fully convertible at a fixed conversion price of KRW 2,825 per share into 3,539,823 shares from January 18, 2022 to December 18, 2023. The transaction was approved by the board of directors of the company.
KPMTECH CO.,LTD is a Korea-based company principally engaged in the manufacture and distribution of surface treatment chemicals. The Company operates its business through three divisions: surface treatment chemical division, which provides chemicals used for printed circuit boards (PCBs) and decorative parts; automatic plating system division, which provides PCB plating equipment and antilock braking system (ABS) plating equipment used for computer boards and circuits, as well as final plating equipment, and fiber division, which mainly provides mask packs and antibacterial fibers. It also provides automatic plating system assemblies. The Company mainly distributes its products within domestic market.
KPM TECH Co., Ltd. announced that it has received KRW 10 billion in funding from Hands Partners Co., Ltd., Dawin Technology Finance Co., Ltd. and other investors