IM Co.,Ltd announced that it expects to receive KRW 8 billion in funding from Sangsangin Investment & Securities Co.,Ltd., Tamul Multimedia Co., Ltd
July 28, 2019
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IM Co.,Ltd (KOSDAQ:A101390) announced a private placement of 5th series Unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 8,000 million on July 29, 2019. The transaction will include participation from new investor, Sangsangin Investment & Securities Co.,Ltd. (KOSE:A001290) for KRW 5,000 million and existing investor Tamul Multimedia Co., Ltd (KOSDAQ:A093640) for KRW 3,000 million. The bonds have a coupon rate of 5% and have a yield to maturity of 5%.
The bonds have maturity date of July 30, 2022. The bonds are convertible into 6,379,585 common shares of the company at a conversion price of KRW 1,254 for a period from July 30, 2020 to June 30, 2022. The payment date is July 30, 2019.
The transaction was approved by the board of directors.
Korea Robot Manufacturing Co Ltd, formerly Tamul Multimedia Co Ltd, is a Korea-based company mainly engaged in the manufacture of semiconductor products. The Companyâs products portfolio consists of optical integrated circuits (ICs), such as optical moving picture experts group audio layer-3 (MP3) ICs used to play digital sound source files; multimedia ICs used for secure digital (SD) memory cards, universal serial bus (USB) sticks and other portable memories to play sound source files under the brand names of TMD 70XX, TMC55XX and others; digital audio broadcasting (DAB) ICs under the brand name PN30XX, and application processor (AP) ICs under the brand name TMM92XX. It also involves in the provision of semiconductor design services. The Company distributes its products within domestic market and to overseas markets.
KOREA ROBOT MANUFACTURING CO.,LTD. 
