CNPLUS Co., Ltd. announced that it expects to receive KRW 500 million in funding
July 01, 2018
Share
CNPLUS Co., Ltd. (KOSDAQ:A115530) announced a private placement of 5th series unregistered and unsecured coupon unguaranteed private convertible bonds for the gross proceeds of KRW 500,000,000 on July 2, 2018. The bonds carry a fixed coupon and yield to maturity of 5% per annum. The bond would mature on July 4, 2021. The bonds are 100% convertible into common shares of the company at a conversion price of KRW 722 per share.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
