Sensorview Co., Ltd. announced that it expects to receive KRW 4.999988799 billion in funding from Okins Electronics Co., Ltd.
November 02, 2020
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Sensorview Co., Ltd. announced that it has entered into a contract with new investor Okins Electronics Co., Ltd. (KOSDAQ:A080580) for private placement of 226,377 shares at a price of KRW 22,087 per share for gross proceeds of KRW 4,999,988,799 on November 3, 2020. The investor will acquire 7.5% stake in the company. The payment will be received in two tranches with first tranche of 90,551 shares or 3% stake on signing of contract and second tranche of 135,826 shares or 4.5% stake on March 31, 2021. The transaction is approved by the board of directors of the investor.
On the same date, the company has issued 90,551 shares for gross proceeds of KRW 1,999,999,937 in its first tranche.
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.