Dk Tech Co.,Ltd announced that it expects to receive KRW 30 billion in funding from Pharos Asset Management Co., Ltd., GVA Asset Management Co., Ltd., NH Hedge Co., Ltd., Shinhan Investment Corp., and another investor
July 19, 2021
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Dk Tech Co.,Ltd announced a private placement of series 1 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 30,000,000,000 on July 20, 2021. The transaction will involve participation from Pharos Asset Management Co., Ltd. for KRW 16,000,000,000, GVA Asset Management Co., Ltd. for KRW 6,000,000,000, KAI IT 3 for KRW 3,000,000,000, NH Hedge Co., Ltd. for KRW 2,000,000,000, and Shinhan Investment Corp. for KRW 3,000,000,000. The bonds will have zero coupon rate, will mature on July 22, 2026, and will be fully convertible into 1,238,543 common shares, representing 13.08% stake, at a conversion price of KRW 24,222 per share from July 22, 2022 to June 22, 2026. The subscription date of bonds is July 22, 2021, and the payment date of bonds is July 22, 2021. The transaction was approved by the board of directors of the company. The securities to be issued will have a lock up period for one year, post the closing.
DK TECH CO.,LTD. is a company mainly engaged in the production and sale of electronic parts. Major products include printed circuit board assembly (FPCA) modules for smartphones and FPCA modules for band-type wearable devices. The FPCA modules for smartphones include detachable organic light emitting diodes (OLEDs), integrated OLEDs and touch screen panels (TSPs) , among others. In addition, the Company is engaged in the provision of processing services of FPCA modules for smartphones. The Company distributes its products within the domestic market and to overseas markets.
Dk Tech Co.,Ltd announced that it expects to receive KRW 30 billion in funding from Pharos Asset Management Co., Ltd., GVA Asset Management Co., Ltd., NH Hedge Co., Ltd., Shinhan Investment Corp., and another investor