Nuintek Co.,Ltd. announced that it expects to receive KRW 20 billion in funding from KB Securities Co., Ltd., Investment Arm, Shinhan Financial Investment Co., Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm
July 04, 2021
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Nuintek Co.,Ltd. announced a private placement of bearer type non-guaranteed private placement convertible bonds for an aggregate gross proceeds of KRW 20,000,000,000 on July 5, 2021. The transaction will include participation from new investors KB Securities Co., Ltd., Investment Arm for KRW 15,600,000,000, Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 1,500,000,000, Korea Investment & Securities Co., Ltd., and Investment Arm for KRW 900,000,000. The bonds shall carry zero coupon rate and yield to maturity at 1.5% and are issued at par. The bonds shall mature on July 8, 2026. The bonds are fully convertible into 4,834,421 shares of the company at a conversion price of KRW 4,137 per share. The subscription date is July 7, 2021 and the transaction is expected to close on July 8, 2021. The transaction has been approved by the board of directors of the company.
NUIN TEK CO., LTD. is a Korea-based company engaged in the manufacture of electronic capacitors. The Company mainly produces metalized films, which are used as capacitor materials; alternate current (AC) condensers, which are mainly used for motor running, refrigerators, washing machines, air conditioners and industrial equipment, and power electronic condensers, which are used for automobiles, photovoltaic inverters and others. The Company distributes its products within domestic market and to overseas markets.
Nuintek Co.,Ltd. announced that it expects to receive KRW 20 billion in funding from KB Securities Co., Ltd., Investment Arm, Shinhan Financial Investment Co., Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm