TKC Co., Ltd. announced that it expects to receive KRW 3 billion in funding from KDB Private Equity, Sun & Tree Asset Co. Ltd.
April 13, 2017
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TKC Co., Ltd. (XKON:A191600) announced a private placement of 1st series unregistered coupon private convertible bonds for gross proceeds of KRW 3,000,000,000 on April 14, 2017. The transaction involves participation from investors, KDB Private Equity, and Sun & Tree Asset Co. Ltd. for KRW 1,500,000,000 each. The bonds are issued at par. The bonds carry a coupon of 0.5% and yield to maturity of 5% and wound mature on April 17, 2020. The bonds are fully convertible into 750,000 common stock of the company at a fixed conversion price of KRW 4,000 per share between the period of April 18, 2018 to April 16, 2020. The expected payment date is April 17, 2017. The transaction has been approved from board of directors of the company.
BlueTop Co Ltd, formerly TKC Co Ltd, is a Korea-based company mainly engaged in the production and sale of printed circuit boards (PCBs). The Company is involved in the manufacturing and sale of PCBs for multiple uses such as audio, junction box jacks, seat warmers, air conditioners, and brake series. The PCB products include general products and special products. The general products include double side PCBs, as well as multi-layer board PCBs (MLBPCBs). The special products include metal PCBs. In addition, the Company is also engaged in the real estate leasing business. The Company distributes its products within the domestic market and to overseas markets.
BLUETOP CO.,LTD. 
