Namuga Co., Ltd. announced that it expects to receive KRW 20 billion in funding
September 16, 2020
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Namuga Co., Ltd. (KOSDAQ:A190510) announced a private placement of 4th series Non-separated bonds with unsecured interest bonds for gross proceeds of KRW 20,000,000,000 on September 17, 2020. The bonds will mature on September 23, 2025. The surface interest of this bond is 0.0% and no interest is paid before maturity. The bonds have a no coupon rate and yield to maturity of 3%. The transaction include participation from Withwin Fund No. 60. The bonds are convertible into 924,641 common shares for 13.46% stakes in the company at a fixed conversion price of KRW 21,630 per share from September 23, 2021 to August 23, 2025. The transaction is expected to close on September 23, 2020. The transaction has been approved by board of directors.
Namuga Co.,Ltd is a Korea-based company mainly engaged in the manufacture of camera modules. The Company operates its business through two segments: camera modules segment, which manufactures smart phone camera modules, notebook computer camera modules, three dimension (3D) camera modules and others, and wireless data segment, which manufactures wireless audio modules. The Companyâs major customers include SAMSUNG ELECTRONICS CO,.LTD and LG ELECTRONICS INC.. The Company distributes its products within domestic market and to overseas markets.
NAMUGA CO., LTD. 
