SAMBO MOTOS Co,.Ltd. announced that it has received KRW 4 billion in funding from KDB Capital Corporation, Investment Arm and Shinyoung Securities Co., Ltd.
July 20, 2012 at 12:00 am EDT
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SAMBO MOTOS Co,.Ltd. (KOSE:A053700) announced a private placement of round 6 registered private convertible debentures for gross proceeds of KRW 4,000,000,000 on July 19, 2012. New investors, Shinyoung Securities Co., Ltd. and KDB Capital Corporation, Investment Arm will subscribe KRW 2,000,000,000 each. The bonds carry coupon rate of 1%, yield to maturity 5.7%, and will mature on January 20, 2016. The bonds will be convertible into registered common stock at conversion price of KRW 6,220 per share. The convertible period will start on July 21, 2013 and end on December 19, 2015. The subscription date and payment date is July 20, 2012.
On July 20, 2012, SAMBO MOTOS Co,.Ltd. closed the transaction.
SAMBO MOTORS CO., LTD is a Korea-based company principally engaged in the manufacture of automobile components together with its subsidiaries. The Companyâs products portfolio consists of transmission parts including carrier plates, automatic plates, shaft assembly clutch release forks, rings, covers and center supports; engine parts including water pipes, oil screens, oil level gauges, heater pipes, stays and others, as well as fuel parts including fuel filler necks. The Companyâs main clients are KIA MOTORS, GM DAWOO, HYUNDAI MOTORS, HYUNDAI MOBIS and others. It distributes its products within domestic market and to overseas markets. On January 30, 2013, the Company established a new wholly owned subsidiary in Korea, engaged in the automobile parts and other items, to acquire Placor Co., Ltd.
SAMBO MOTOS Co,.Ltd. announced that it has received KRW 4 billion in funding from KDB Capital Corporation, Investment Arm and Shinyoung Securities Co., Ltd.
SAMBO MOTORS CO., LTD 