Hwajin Co., Ltd. announced that it has received KRW 5.5 billion in funding
April 12, 2018
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Hwajin Co., Ltd. (KOSDAQ:A134780) announced a private placement of 2nd series unregistered unguaranteed coupon private convertible bonds for gross proceeds of KRW 5,500,000,000 on April 13, 2018. The bonds are zero-coupon and have yield to maturity of 2% per annum. The bonds are issued at par. The bonds will mature on April 13, 2021. The bonds are 100% convertible into common shares at KRW 4,115 per share from April 13, 2019 to March 13, 2021. The transaction is approved by board of directors of the company. The transaction included participation from MARS ENT Co., Ltd. for KRW 2,000,000,000, Kang Hyunwon for KRW 2,100,000,000, and Lee Junghwan for KRW 1,400,000,000.
SM Hwajin Co Ltd, formerly HWAJIN Co., Ltd., is a Korea-based company mainly engaged in the manufacture and sale of automobile interior components. The Company's products portfolio consists of wood grain products used for steeling wheels, rear switches, plate consoles, knob outers, keyboards, rear cases and others, and ion plasma evaporation (IPE) products used as painting and molding products for insert damper knobs, stop and start buttons, indicator cover switch body, wheel decoration rings, bezel covers and others. It also involves in the wholesale of automobile printings through its subsidiary. The Company' s main clients are Hyundai, KIA Motors, Ssangyong Motor, Nissan, Honda, LG Electronics and others. The Company distributes its products within domestic market and to overseas markets.
HWAJIN CO LTD 
