Woojin Inc. announced that it expects to receive KRW 9.5 billion in funding from Shinhan Investment Corp., Korea Investment & Securities Co., Ltd., KB Securities Co., Ltd., Investment Arm, Samsung Securities Co.,Ltd., Korea Securities Finance Corporation
June 20, 2018
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Woojin Inc. (KOSE:A105840) announced a private placement of 2nd series unregistered and secured private convertible bonds for gross proceeds of KRW 9,500,000,000 on June 21, 2018. The bonds are issued at 2% coupon rate, 3% yield to maturity and will mature on June 22, 2023. The bonds can be 100% converted into common shares of the company at a fixed conversion price of KRW 6,848 per share.
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. announced that it expects to receive KRW 9.5 billion in funding from Shinhan Investment Corp., Korea Investment & Securities Co., Ltd., KB Securities Co., Ltd., Investment Arm, Samsung Securities Co.,Ltd., Korea Securities Finance Corporation
WOOJIN INC. 
