Okins Electronics Co.,Ltd. announced that it expects to receive KRW 2.5 billion in funding from J.P. Kotts & Co. and another investor
April 23, 2019
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Okins Electronics Co.,Ltd. (KOSDAQ:A080580) announced that it will issue unregistered unguaranteed unsecure private convertible bonds for gross proceeds of KRW 2,500,000,000 on April 24, 2019. The bonds do not carry interest and yield to maturity. The transaction includes participation from J.P. Kotts & Co. for KRW 2,000,000,000, and Corporation K the Ravi su asset management for KRW 500,000,000. The maturity date of bonds is April 26, 2024. The bonds are 100% convertible into 659,804 common shares representing 9.62% stake at a conversion price of KRW 3,789 per share, from April 26, 2020 and March 26, 2024. The bonds are restricted from conversion and split for one year from issuance. The payment date and subscription date of the transaction is April 26, 2019. The transaction was approved by the board of directors of the company.
OKins Electronics Co.,Ltd is a Korea-based company principally engaged in the manufacturing and distribution of inspection sockets for semiconductors. The Company manufactures and sells burn-in and test sockets (BiTSs), test sockets, spring probes, memory module sockets, semiconductor business units, system business units and others. In addition, the Company provides light emitting diode (LED) tests, package tests, wafer tests and other semiconductor tests. in the mold business and rental business. The Company distributes its products within domestic market and to overseas markets.
OKINS ELECTRONICS CO.,LTD. 
