SDN Company., Ltd. announced that it expects to receive KRW 6 billion in funding from Meta-Bixolon Union No.1, Iroom Investment Advisors Co., Ltd., Susung Asset Management Co., Ltd., and other investors
October 18, 2018
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SDN Company., Ltd. (KOSDAQ:A099220) announced a private placement of 10th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on October 19, 2018. The transaction will include participation from existing investor, Susung Asset Management Co., Ltd. for KRW 1,000,000,000, T Iroom Investment Advisors Co., Ltd. for KRW 1,000,000,000, Meta-Bixolon Union No.1 for KRW 500,000,000, and other investors. The bonds carry 1% yield to maturity and do not carry any coupon. The bonds will mature on October 24, 2022. The bonds can be 100% converted into 3,674,219 common shares of the company at a fixed conversion price of KRW 1,633 per share. The conversion period is from October 24, 2019 to September 24, 2022. The subscription date is October 19, 2018 and the payment date is October 24, 2018. 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 6 billion in funding from Meta-Bixolon Union No.1, Iroom Investment Advisors Co., Ltd., Susung Asset Management Co., Ltd., and other investors
SDN COMPANY., LTD. 