AnaPass Inc. announced that it expects to receive KRW 3 billion in funding from NH Investment & Securities Co., Ltd., Investment Arm
November 23, 2020
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AnaPass Inc. (KOSDAQ:A123860) announced a private placement of 5 non-guaranteed private exchange bonds with bearer interest for gross proceeds of KRW 3,000,000,000 on November 24, 2020. The transaction will include participation from returning investor NH Investment & Securities Co., Ltd., Investment Arm. The bonds will carry a coupon rate and interest rate to maturity of zero. The debt maturity date is November 25, 2025. The bonds are convertible into 119,270 shares at a price of KRW 25,153 per share. The exchange request period is from February 25, 2021 to October 25, 2025. The payment date is November 25, 2020. The transaction has been approved by the board of directors.
Anapass, Inc. is a Korea-based company engaged in the design, development and marketing of semiconductors. The Company provides flat panel display solutions and mobile display solutions. Its product portfolio consists of timing controllers, so called TCON, which are used for liquid crystal display (LCD) panels; mobile serial link integrated circuits (ICs), which are applied to multimedia mobile handheld applications, and mobile display controller ICs, which are adapted to mobile devices. In addition, it is involved in the licensing business.
ANAPASS, INC. 