Finetechnix. Co.,Ltd. announced that it expects to receive KRW 3.5 billion in funding from Eugene investment & Securities Co., Ltd., Investment Arm
July 28, 2019
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Finetechnix. Co.,Ltd. (KOSDAQ:A106240) announced a private placement of 6th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,500,000,000 on July 29, 2019. The transaction will include participation from existing investor, Eugene investment & Securities Co., Ltd., Investment Arm. The bonds will be issued at par. The bonds do not carry any coupon have yield to maturity of 4.5%. The bonds will mature on July 31, 2022. The bonds will be fully convertible into 2,348,993 shares of the company at a fixed conversion price of KRW 1,490 from July 31, 2020 to June 30, 2022. The bonds are redeemable for 104.5765%, 105.7530%, 106.9427%, 108.1458%, 109.3625%, 110.5928%, 111.8370%, and 113.0951% of face amount on July 31, 2020, October 31, 2020, January 31, 2021, April 30, 2021, July 31, 2021, October 31, 2021, January 31, 2022, and April 30, 2022 respectively. The subscription and the payment dates are July 31, 2019. The transaction has been approved by the board of directors of the company.
Fine Technix Co Ltd is a Korean-based company engaged in the manufacture and sale of light emitting diode lighting (LED) products. The Company is mainly engaged in the manufacture and sale of conventional fluorescent lamp replacement surface lighting, LED parking lights. In addition, the Company is engaged in the manufacture and sale of incandescent and halogen replacement LED downlights, high ceiling lights, LED street and security lights, LED flood lights, and LED lighting. The Company launches a brand called Fine Homes.
FINETECHNIX. CO.,LTD. 
