Mobase Electronics Co., Ltd. announced that it expects to receive KRW 20 billion in funding from NH Investment & Securities Co., Ltd., Investment Arm, Opus Private Equity Co. Ltd.
October 28, 2019
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Mobase Electronics Co., Ltd. (KOSDAQ:A012860) announced a private placement of series 4 subordinate bearer non-guaranteed private convertible bonds for the gross proceeds of KRW 20,000,000,000 on October 29, 2019. The transaction will include participation from new investor NH Opus Corporate Financial Stabilization PEF a fund managed by NH Investment & Securities Co., Ltd., Investment Arm and Opus Private Equity Co. Ltd.The payment date of transaction is October 30, 2019. The bonds have a interest rate of 3%. The bonds will mature on October 30, 2049. The bonds are convertible into 9,358,914 shares at a price of KRW 2,137 per share. The bonds will be converted from October 30, 2020 to July 30, 2049. The transaction was approved by the board of directors of the company.
MOBASE ELECTRONICS CO.,LTD., formerly SEOYON ELECTRONICS CO., LTD., is a Korea-based company mainly engaged in the manufacture of automobile components. The Companyâs products mainly consist of key sets, switches and electronic units, such as car locks, multi-function switches, power windows switches, smart key systems, remote keyless entries, immobilizer systems, body control modules and others. In addition, the Company is engaged in the manufacturing of components for magnesium die castings and digital door locks (DDLs). The Company distributes its products within domestic market and to overseas markets, including Japan, America, Germany and the People's Republic of China.
Mobase Electronics Co., Ltd. announced that it expects to receive KRW 20 billion in funding from NH Investment & Securities Co., Ltd., Investment Arm, Opus Private Equity Co. Ltd.
MOBASE ELECTRONICS CO.,LTD. 
