SDN Company., Ltd. announced that it expects to receive KRW 10 billion in funding from A One Asset Management Co., Ltd, SUSUNG ASSET MANAGEMENT Co., Ltd., Mirae Asset Daewoo Co., Ltd., Investment Arm
May 28, 2020
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SDN Company., Ltd. (KOSDAQ:A099220) announced a private placement of 13th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on May 29, 2020. The transaction will include participation from, A One Asset Management Co., Ltd for KRW 5,000,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000, returning investor, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 3,000,000,000. The bonds will mature on June 6, 2024. The bonds can be 100% converted into 3,750,938 common shares of the company at a fixed conversion price of KRW 2,666 per share. The conversion period is from June 2, 2021 to May 2, 2024. The subscription date is May 29, 2020. The transaction is expected to close on June 2, 2020. The transaction has been approved by the board of directors of the company.
SDN Company., Ltd. is a Korea-based company mainly engaged in the solar business and engine and shipbuilding business. The Company operates its business through two divisions: solar division and engine and shipbuilding division. Its solar division is engaged in the manufacture of solar panels, hetero-junction with intrinsic thin layer (HIT) modules, trackers, switchboards, monitoring and control systems, and the engineering of solar power plants. Its engine and shipbuilding business division provides four-stroke outboard motors and related components, which are used in fishing and leisure boats.
SDN Company., Ltd. announced that it expects to receive KRW 10 billion in funding from A One Asset Management Co., Ltd, SUSUNG ASSET MANAGEMENT Co., Ltd., Mirae Asset Daewoo Co., Ltd., Investment Arm
SDN COMPANY., LTD. 
