NewFlex Technology Co., Ltd. announced that it expects to receive KRW 10 billion in funding from IBK Capital Corporation, Hana Financial Investment Co., Ltd., Investment Arm, Shinhan Investment Corp., Investment Arm, Woori Investment Bank Co., Ltd., Investment Arm, and other investors
November 15, 2018
Share
NewFlex Technology Co., Ltd. (KOSDAQ:A085670) announced a private placement of 2nd series of unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on November 16, 2018. The transaction will include participation from Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, Woori Investment Bank Co., Ltd., Investment Arm for KRW 2,000,000,000, Lime Thetis Hedge Fund 2 for KRW 2,000,000,000, and other investors. The bonds will be issued at its par value. The bonds do not carry any interest and yield to maturity. The bonds will mature on November 21, 2021. The bonds are fully convertible into 3,205,128 shares of the company at a fixed conversion price of KRW 3,120 per share between November 21, 2019 and October 21, 2021. The conversion shares represent 15.15% stake in the company. The payment date is expected on November 21, 2018. The transaction has been approved by the board of directors of the company.
NewFlex Technology Co Ltd is a Korea-based company engaged in the manufacture of flexible printed circuit boards (FPCBs) business. The Company's product portfolio consists of FPCBs and metal PCBs (MPCBs). Its FPCBs include single-side FPCBs, double-side FPCBs, multilayer FPCBs, rigid FPCBs, build up PCBs and inner via hole (IVH) PCBs. The Companyâs products are used in cameras, laptops, mobile phones, liquid crystal displays (LCDs), light emitting diodes (LEDs), televisions (TVs) and others. The Company distributes its products within domestic market and to overseas markets. The Company also involves in the real estate rental business.
NewFlex Technology Co., Ltd. announced that it expects to receive KRW 10 billion in funding from IBK Capital Corporation, Hana Financial Investment Co., Ltd., Investment Arm, Shinhan Investment Corp., Investment Arm, Woori Investment Bank Co., Ltd., Investment Arm, and other investors
NEWFLEX TECHNOLOGY CO., LTD. 
