STARFLEX Co., Ltd announced that it expects to receive KRW 5 billion in funding.
April 25, 2012 at 12:00 am EDT
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STARFLEX Co., Ltd. (KOSE:A115570) announced a private placement of series no 2 bond for gross proceeds of KRW 5,000,000,000 on April 25, 2012. The company will also issue warrants in the transaction. The bond carry 0% coupon rate and 3% yield to maturity. The bond will mature on April 26, 2016. The warrants will be exercisable at a price of KRW 6,364 per share. The exercise period will begin from April 26, 2013 to March 26, 2016. The subscription and payment date will be April 26, 2012.
StarFlex Co., Ltd. is a Korea-based company engaged in the manufacturing of the polyvinyl chloride (PVC) flex products for advertising industry. The Company's products portfolio consists of backlit flex banners, front lit flex banners, block out flex banners, self adhesive banners, coated flex banners, solit banners and textile banners, which are used in digital printing, billboards, building murals and in-store displays. The Company distributes its products within domestic market and to overseas marekts, such as Asia, North America, Central and South America, Europe, the Middle East and Africa. As of December 31, 2011, the Company had three affiliated companies. On January 18, 2013, the Company acquired additional shares of STAR CHEMICAL CO. LTD, which is mainly engaged in the manufacturing of chemical fiber. After the acquisition, it held 90.63% stake in STAR CHEMICAL CO. LTD.
STARFLEX CO., LTD. 
