Omnisystem Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from IBK Capital Corporation
August 16, 2018
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Omnisystem Co.,Ltd. (KOSDAQ:A057540) announced a private placement of 6th series unregistered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on August 17, 2018. The transaction will include participation from new investor Ibkc-Tongyang Growth 2013 Private Equity Fund, a fund managed by IBK Capital Corporation. The bonds are issued at par and will mature on February 23, 2022. The bonds carry coupon rate of 0% and yield to maturity of 2%. The bonds will be convertible into 3,853,564 shares at a conversion price of KRW 2,595 per share from August 24, 2019 to February 22, 2022. The transaction has been approved by the board of directors of the company. The bonds will issue at par value. The subscription date is August 21, 2018 and payment date is August 24, 2018.
OmniSystem Co Ltd is a Korea-based company mainly engaged in the manufacture and distribution of digital meters. The Company operates its business through three segments. The Measuring Monitoring Verification (MMV) segment is mainly engaged in the manufacture and sale of digital meter such as digital electricity meters, digital calorimeters, digital water meters, digital hot water meters, digital gas meters and others. In addition, the segment is also engaged in the supply of integrated notice management software and energy management system as well as others. The Card segment is mainly engaged in the manufacture and sale of cards such as credit cards and mobile communication cards. The Lighting segment is mainly engaged in the manufacture and sale of landscape lighting for buildings, bridges, golf courses, ski resorts, roads, as well as lighting for apartments.
OMNISYSTEM CO.,LTD. 
