LTC Co.,Ltd announced that it expects to receive KRW 12 billion in funding from Hanyang Securities Co. Ltd., SUSUNG ASSET MANAGEMENT Co., Ltd., KB Securities Co., Ltd., Samsung Securities Co., Ltd., NH Investment & Securities Co., Ltd.
December 07, 2023
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LTC Co.,Ltd announces private placement of 5th bearer-type non-guaranteed convertible bonds for gross proceeds of KRW 12,000,000,000 on December 8, 2023. The bonds will bear a coupon interest rate of 0% and maturity interest rate of 1%. The bonds will mature on December 15, 2026.
The bonds will be convertible into shares of the company at a conversion price of KRW 13,140. The conversion claim period starts from December 15, 2024 to November 15, 2026. The transaction is expected to close on December 15, 2023.
The transaction will include participation from Hanyang Securities Co. Ltd. for KRW 500,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 1,000,000,000, KB Securities Co., Ltd. for KRW 3,000,000,000, Samsung Securities Co., Ltd. for KRW 3,500,000,000 and NH Investment & Securities Co., Ltd. for KRW 4,000,000,000. The transaction has been approved by the board of the company.
LTC Co.,Ltd is a Korea-based company engaged in the manufacture, processing and marketing of chemical products. The Company principally engages in the manufacture and marketing of stripper, which is used for liquid crystal display (LCD) and semiconductor industries. The Company also provides raw materials for stripper production. The Company distributes its products within domestic market and to overseas markets.
LTC CO.,LTD 
