Hansung Elcomtec Co., Ltd. announced that it has received KRW 4.20 billion in funding.
March 21, 2012 at 12:00 am
Share
Hansung Elcomtec Co., Ltd. (KOSE:A037950) announced a private placement of bonds for gross proceeds KRW 4,200,000,000 on March 19, 2012. The principal on the bonds will be paid back in lump-sum on redemption. The bonds will mature on March 21, 2015. The bonds have a yield to maturity of 8% and carry an annual coupon of 5%. The company will also issue unsecured detachable warrants which are convertible into common shares of the company having an exercise price of KRW 2,370 exercisable from March 21, 2013 to February 21, 2015. The transaction will close on March 21, 2012.
On March 21, 2012, Hansung Elcomtec Co., Ltd. closed the transaction. The company issued 13th unregistered unsecured private bonds.
ELCOMTEC CO.,LTD is engaged in the provision of mobile phone parts. It offers mobile phone parts, including compact camera modules (CCMs), which receive optical signals from photo-optical sensors and change it to electronic signals and output as an image signals, as well as keypads, including plastic key type, steel special use stainless (SUS) key type and film key type. It also produces high-voltage condensers (HVCs) and light-emitting diode (LED) lighting products such as LED tunnel lights, LED ceiling lights, LED security lights and others. Through its subsidiary, the Company is involved in the overseas development of minerals such as gold. On March 27, 2014, it acquired a 100% stake in a Korea-based company, engaged in the manufacturing and sales of lens. On March 31, 2014, it sold its entire stake in AGM MINING CO.,LTD. On May 30, 2014, it acquired a 100% stake in a Korea-based company. On June 10, 2014, it acquired the entire share capital of Microptics Co Ltd.
ELCOMTEC CO., LTD 