Biemt Co Ltd cancelled the transaction announced on December 13, 2013.
September 12, 2014 at 12:00 am EDT
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Biemt Co Ltd (KOSDAQ:A052900) announced a private placement of round 7 unregistered unsecured private convertible debentures for gross proceeds of KRW 6,000,000,000 on December 13, 2013. The debentures will be issued to individual investors. The transaction was approved by the board of directors. The debentures bear a 4% coupon, 4% yield to maturity, and will mature on December 24, 2016. The debentures will be convertible in full at KRW 4,800 per share into unregistered shares of the company. The conversion period will start on December 24, 2014 and end on November 24, 2016. The subscription date for the transaction is December 16, 2013 and the payment date is December 24, 2013.
Do-Chang Bae and Jin-il Lee will invest KRW 2,500,000,000 each, Jeonghi Kim and Sang-Gil Ma will invest KRW 250,000,000 each, and Sang-Soon Ma will invest KRW 200,000,000 along with other investors.
On December 16, 2013, the company amended the terms of the transaction. The debentures will convert into registered common shares of the company. The payment date for the transaction is January 10, 2014.
On December 24, 2013, the company amended the terms of the transaction. The debentures will mature on January 10, 2017. The conversion period will start on January 10, 2015 and end on December 10, 2016.
On January 10, 2014, the company amended the terms of the transaction. The debentures will now mature on January 21, 2017. The conversion period will start on January 21, 2015 and end on December 21, 2016. The subscription and payment date of the transaction will be January 21, 2014. Bae, Do-Chang, who was supposed to subscribe for debentures worth KRW 250,000,000 will not participate in the transaction. Now Park, Jong-Pil will subscribe for debentures worth KRW 250,000,000.
On January 21, 2014, the company announced that it has amended the terms of transaction. The subscription date and payment date will now be March 14, 2014. The maturity date of bonds will be March 14, 2017. The conversion period of bonds will start on March 14, 2015 and will end on February 14, 2017.
On September 12, 2014, Biemt Co Ltd cancelled the transaction.
KX HiTech Co Ltd, formerly KMH Hitech Co Ltd, is a Korea-based company principally engaged in the manufacture and distribution of semiconductor materials. The Company operates its business through three segments. The Semiconductor Material segment is principally engaged in the manufacture and sale of integrated circuit (IC) trays, module-trays, carrier tapes, blank mask box wafer ring carriers and others. The Solid-State Drive (SSD) segment is principally engaged in the manufacture and sale of SSD cases, turnkey boxes and others. The Consolidated Corporation segment is principally engaged in the supply semiconductor packing products.
KX HITECH CO., LTD. 
