Woojin Inc. announced that it expects to receive KRW 2.7129 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm
September 18, 2018
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Woojin Inc. (KOSE:A105840) announced a private placement of series 3 unregistered coupon unguaranteed private convertible exchangeable bonds for gross proceeds of KRW 2,712,900,000 on September 19, 2018. New investors Alpine Route Montblanc 4807 Multi-Strategic Hedge Fund 1 managed by Korea Investment & Securities Co., Ltd., Investment Arm will invest KRW 2,112,900,000 and Alpine Route Matterhorn 4478 Multi-Strategic Hedge Fund 1 managed by Korea Investment & Securities Co., Ltd., Investment Arm will invest KRW 600,000,000. The bonds issued are 100% convertible into 476,030 shares at a price of KRW 5,699 per share from September 28, 2018 to August 27, 2023. The bonds issued have a surface rate of 0% per annum and maturity interest rate of 4% per annum. The bonds issued will mature on September 27, 2023. Board of Directors of the company approved the transaction. The transaction is expected to close on September 27, 2018.
WOOJIN INC. is a Korea-based company engaged in the manufacture of industrial measuring equipment. Its products consist of measuring machines for nuclear power plants, including in-core instruments (ICIs), read switch position transmitters (RSPTs), heated junction thermocouples (HJTCs)and others; automation equipment, automatic temperature measurement systems (ATMSs), slag layer measurement devices and other automatic measuring machines used in steel production sites; condition monitoring systems (CMSs); temperature sensors, used in nuclear power, semiconductor, petrochemical, airline, ship construction and genetic engineering sectors; flowmeters, including vortex type and thermistor type, and materials. On March 12, 2013, the Company acquired additional shares of a Korea-based company. After the transaction, the Company holds 66.67% stake in the Korea-based company. On October 1, 2013, it acquired a 65% stake in SVC Inc.
WOOJIN INC. 
