Homecast Co., Ltd. announced that it expects to receive KRW 10 billion in funding from H Bion Co., Ltd., Jdr Asset Co., Ltd., Kanohi Co., Ltd., and other investors
August 31, 2016
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homecast Co., Ltd. (KOSDAQ:A064240) announced a private placement of 10th unregistered/unsecured coupon unguaranteed private convertible bonds for proceeds of KRW 10,000,000,000 on August 1, 2016. The transaction will include participation from H Bion Co., Ltd., Jdr Asset Co., Ltd., Kanohi Co., Ltd., Seoyeon Lee, and Juhee Geum for KRW 4,000,000,000, KRW 2,500,000,000, KRW 2,500,000,000, 500,000,000, and KRW 500,000,000 respectively. The bonds will bear fixed interest at a rate of 2% per annum with yield to maturity of 4%. The lump sum redemption amount on the principal amount will be payable on maturity date at 104%. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 10,650 per share. The conversion period of the bonds starts from August 31, 2017 to July 31, 2019. The bonds will mature on August 31, 2019.
HOMECAST CO.,LTD. is a Korea-based company specialized in the manufacture of set top boxes (STBs). The Company mainly engaged in the provision of digital STBs and STB components. The company provides its products under the brand name of HOMECAST. The Company distributes its products within domestic market and to overseas markets, including India, China, Japan, Middle East, Africa, Europe and Oceania countries.
Homecast Co., Ltd. announced that it expects to receive KRW 10 billion in funding from H Bion Co., Ltd., Jdr Asset Co., Ltd., Kanohi Co., Ltd., and other investors
HOMECAST CO.,LTD. 
