Samjin LND Co., Ltd. announced that it has received KRW 3 billion in funding.
February 05, 2012 at 11:00 pm EST
Share
Samjin LND Co., Ltd. (KOSE: A054090) announced a private placement of convertible bond series no.8 for gross proceeds of KRW 3,000,000,000 on February 3, 2012. On the same day, the board of directors of the company approved the transaction. The bond will bear interest at 2% per annum and will mature on February 6, 2015. The bond is convertible into common shares of the company at a conversion price of KRW 2,029 per share. HANYANG SECURITIES CO.,LTD will serve as the lead manager to the company pursuant to the transaction. The conversion request period of the bond will be from February 6, 2013 to February 6, 2015. The payment date of the bond will be February 6, 2012.
On February 6, 2012, Samjin LND Co., Ltd. closed the transaction.
SAMJIN LND CO., LTD. is a Korea-based company mainly engaged in the manufacture of electronic components. The Company operates its business through four main divisions: component division, which provides mold frames, gaskets and protective plastic (PP) cases for television (TV) back light units (BLUs), secondary batteries, automobile components and others; mold division, which provides designs and manufactures molds for BLUs, electronic components and others; office automation (OA) division, which provides finishers for printers, and laser diode (LD) division, which light-emitting diode (LED) lighting equipment; The Company also provides resins. In addition, it engages in the real estate rental business.
SAMJIN LND CO., LTD. 
