KPS Corporation announced that it expects to receive KRW 25 billion in funding from Korea Investment Partners Co. Ltd., Kiwoom Investment Co., Ltd., Samsung Securities Co. Ltd., Investment Arm, Gaon Investment Co., Ltd., and other investors
March 29, 2020
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KPS Corporation (KOSDAQ:A256940) announced a private placement of 4th round unregistered unguaranteed private convertible bond for gross proceeds of KRW 25,000,000,000 on March 30, 2020. The transaction will include participation from new investors Korea Investment Re-Up Fund a fund managed by Korea Investment Partners Co. Ltd. for KRW 10,000,000,000, G & Tech Big Jump Investment union for KRW 3,000,000,000, Kiwoom Investment Co., Ltd. for KRW 3,000,000,000, Samsung Securities Co. Ltd., Investment Arm for KRW 5,500,000,000, Kyungho Park for KRW 1,000,000,000, Park Soon-Hwang for KRW 1,000,000,000, Gunwoo Precision Co., Ltd. for KRW 1,000,000,000 and Gaon Investment Co., Ltd. for KRW 500,000,000. The bonds are issued at 0% interest rate and yield to maturity and will mature on April 13, 2025. The bonds are 100% convertible into 955,694 common shares of the company at a conversion price of KRW 26,159 per share. The conversion period is from April 13, 2021 to March 13, 2023. The transaction has been approved by the board of directors of the company and is expected to close by April 13, 2020.
KPS Corporation is a Korea-based company principally engaged in manufacture of semiconductor equipment . The Company's products mainly consist of mask stretchers, support mask stretchers, total pitch inspection systems, open mask tension welders, lamination systems, de-lamination systems, inkjet printers, diffusion systems and panel inspection systems.
KPS Corporation announced that it expects to receive KRW 25 billion in funding from Korea Investment Partners Co. Ltd., Kiwoom Investment Co., Ltd., Samsung Securities Co. Ltd., Investment Arm, Gaon Investment Co., Ltd., and other investors