Namuga Co., Ltd. announced that it expects to receive KRW 20 billion in funding
June 03, 2019
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Namuga Co., Ltd. (KOSDAQ:A190510) announced a private placement of 1st series unregistered unguaranteed private exchangeable bonds for gross proceeds of KRW 9,314,838,400 and 2nd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,685,161,600, for aggregate gross proceeds of KRW 20,000,000,000 on June 4, 2019. The series 1 bonds will mature on June 12, 2024. The series 1 bonds have a coupon rate of 1% and yield to maturity of 1%. The series 1 bonds are convertible into 239,456 common shares of the company at a fixed conversion price of KRW 38,900 per share from June 13, 2019 to June 4, 2024. The series 2 bonds will mature on June 12, 2025. The series 2 bonds have a coupon rate of 1% and yield to maturity of 2%. The series 2 bonds are convertible into 302,267 common shares of the company at a fixed conversion price of KRW 35,350 per share from June 12, 2020 to May 12, 2025. The series 2 bonds subscription date is June 7, 2019 and the payment date is June 12, 2019. The transaction has been approved by the board of directors of the company.
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. 
