Microtech Co.,Ltd announced that it expects to receive KRW 10 billion in funding from Korea Bond Investment Advisory Co., Ltd.
June 28, 2020
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Microtech Co.,Ltd (KOSDAQ:A227950) announced a private placement of series 12 non-guaranteed private equity convertible bond for gross proceeds of KRW 10,000,000,000 on June 29, 2020. The transaction will include participation from returning investor Korea Bond Investment Advisory Co., Ltd. The bonds are redeemable, will be issued at par, will bear fixed coupon rate and yield to maturity rate of 2%, will mature on July 15, 2023, are 100% convertible into 2,994,011 shares, representing 7.5% stake, at a fixed conversion price of KRW 3,340 per share from July 15, 2021 to June 14, 2023. The transaction has been approved by the board of directors. The subscription date of the transaction is June 29, 2020 and payment date is July 15, 2020.
N2tech Co Ltd, formerly Microtech Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of semiconductor equipment components. The Company operates its business through four segments. The Semiconductor Equipment Component segment produces and sells products such as vacuum valves, semiconductor equipment components, and system equipment, and provides after-sales services. The Light Emitting Diode(LED) Cheerleader and Merchandising(MD) Product segment manufactures products consisting of LED cheerleaders and MD products. The Entertainment segment is engaged in the production and sale of broadcast programs and entertainment management business. The Mask Manufacturing segment is engaged in the manufacture and sale of masks.
N2TECH CO.,LTD 
