N2Tech Co., Ltd announced that it expects to receive KRW 5 billion in funding from Korea Bond Investment Advisory Co., Ltd.
November 05, 2020
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Microtech Co.,Ltd (KOSDAQ:A227950) announced a private placement of series 13 non-guaranteed private equity convertible bonds for gross proceeds of KRW 5,000,000,000 on November 6, 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 December 4, 2023, are 100% convertible into 1,532,332 shares, representing 2.98% stake, at a fixed conversion price of KRW 3,263 per share from December 4, 2021 to November 3, 2023. The transaction has been approved by the board of directors. The payment date is December 4, 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 
