Finetechnix. Co.,Ltd. announced that it expects to receive KRW 50 billion in funding from a group of investors
June 15, 2021
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Finetechnix. Co.,Ltd. (KOSDAQ:A106240) announced a private placement of 7th series unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 25,000,000,000 and 8th series unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 25,000,000,000 and aggregate gross proceeds of KRW 50,000,000,000 on June 16, 2021. The transaction will include participation from new investors, BNK Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, Kiwoom Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, Bookook Securities Co., Ltd., Investment Arm for KRW 2,000,000,000 and other investors. The bonds will be issued at par. The bonds do not carry any surface interest rate or maturity rate. The bonds will mature on June 18, 2026. The bonds will be fully convertible into 3,462,603 shares each of the company at a fixed conversion price of KRW 7,220 from June 18, 2022 to May 18, 2026. The subscription and the payment dates are June 18, 2021. 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. 
