INZI Controls Co.,Ltd. announced that it has received KRW 3 billion in funding from Korea Development Bank, Investment Arm
January 20, 2020
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INZI Controls Co.,Ltd. (KOSE:A023800) announced a private placement of series 1 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 3,000,000,000 on January 21, 2020. The transaction included participation from Korea Development Bank, Investment Arm. The bond is issued at 0.1% Coupon Rate, 2.7% Yield to Maturity and will mature on January 21, 2023. The bonds can be 100% converted into 584,226 common shares for 3.85% stake of the company at a fixed conversion price of KRW 5,135 per share. The conversion period is from January 21, 2021 to January 20, 2023. The transaction has been approved by the board of directors of the company. The bond issued at par.
INZI CONTROLS CO.,LTD. is a Korea-based company engaged in the manufacturing of automobile parts. The Company's products consist of engine parts, including cooling parts, engineered plastic parts, fuel delivery parts, manifold parts and sensors; transmission parts, including thermal elements and temperature sensors; chassis parts, including braking parts, solenoid products and air cleaner assemblies, and antenna products, including glass antenna modules, micro antennas, film antennas and others. Through its subsidiaries, it also involves in the production of electronic parts, such as thin film transistor liquid crystal display (TFT-LCD) parts and chassis parts used for televisions (TVs), monitors and others. The Company distributes its products within domestic market and to overseas markets. On February 1, 2014, it merged with its wholly owned subsidiary, KOHMECA CO.LTD, engaged in the manufacture of automobile parts and industrial raw material control equipment.
INZI CONTROLS CO.,LTD. 
