RYUK-IL C&S., Ltd announced that it expects to receive KRW 5 billion in funding
June 20, 2021
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RYUK-IL C&S., Ltd announced a private placement of series 2 non-guaranteed private equity convertible bonds with bearer type interest part for an aggregate gross proceeds of KRW 5,000,000,000 on June 21, 2021. The transaction will include participation from Skyline Investment Co., Ltd. for KRW 4,000,000,000 and Golden Park Partners Co., Ltd. for KRW 1,000,000,000. The bonds carry zero coupon rate and maturity rate of 2% per annum. The bonds will mature on July 30, 2024. The bonds are fully convertible into 1,290,655 common shares of the company at a conversion price of KRW 3,874 per share. The conversion period will start from July 30, 2022 and ends on June 30, 2024. The bonds are redeemable. The transaction is expected to close on July 30, 2021. The transaction has been approved by the board of directors of the company.
RYUK-IL C&S., Ltd is a Korea-based company mainly engaged in the manufacture of mobile phone cover glasses (CGs). The Company's product portfolio consists of main CGs for mobile phones including KF750, KM900, SU130, P990, LU2300, GF180, G2F320, G3F400, G4F500; 3D main CGs for mobile phones including G Flex1 F340 and G Flex2 F500; camera CGs for mobile phones including KF510, KM900, VX9100, P900, L05E, G F180, G2 F320, G3 F400, G4 F500; back covers for phones including G F180 and Nexus E960 and other CGs for laptop computers, MP3, pads and watches. The Company also provides tall processing services including optical clear resin direct bonding (OCR DB), cover glass assembly checking and physical vapor de-positioning (PVD).
RYUK-IL C&S.,LTD. 
