ASPACOIL Co.,Ltd announced that it expects to receive KRW 8 billion in funding from SFC Co.,Ltd.
January 05, 2017
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Aspac Oil Co., Ltd. (XKON:A232360) announced a private placement of 2nd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 8,000,000,000 on January 6, 2017. The transaction will involve participation from new investor, SFC Co.,Ltd. (KOSDAQ:A112240). The bonds will be issued at par and do not bear any interest. The bonds will have a yield to maturity of 8% and would mature on January 9, 2019. The bonds are fully convertible into 1,680,672 common stock of the company at a fixed conversion price of KRW 4,760 per share between the period of January 9, 2018 to December 9, 2018. The subscription and the payment date is January 9, 2017. The transaction has been approved by the board of directors of the company.
SFC Co. Ltd is a Korea-based company mainly engaged in the production and sale of special films. The Company's products portfolio consists of back sheets and other films. The back sheets include thermoplastic and fluoropolymer multi-layered back films, which are used for photovoltaic solar module parts. Other films include coated films and laminating films under various categories such as glossy films, matt films, color films, bio laminating, polyethylene terephthalate (PET) banners, clear PET banners, cold films, white opaque, sticky back films and others, which are used for protection of printouts and actual image materials. It also engages in the digital printing media business, providing polyethylene terephthalate (PET) banners, clear PET banners, PET backlight films, papers, easy banners, poly banners and others. The Company distributes its products within domestic market and to overseas markets.
SFC CO LTD 
