Hanyang Digitech Co.,Ltd. announced that it expects to receive KRW 12 billion in funding
August 25, 2019
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Hanyang Digitech Co.,Ltd. (KOSDAQ:A078350) announced a private placement of second round of unregistered unguaranteed private convertible bonds for gross proceeds of KRW 12,000,000,000 on August 26, 2019. The round will be subscribed by MC New Technology Fund 1. The bonds are zero coupon and have a yield to maturity of 3%, maturing on August 27, 2022. The bonds are 100% convertible at KRW 4,512 per share into 2,659,574 shares. The conversion period of the bonds is from August 27, 2020 to July 27, 2022. The bonds will be subscribed on August 26, 2019, and paid on August 27, 2019. The transaction was approved by the board of directors of the company on the same day.
HANYANG DIGITECH CO., LTD. is a Korea-based company principally engaged in the manufacture and sale of memory modules. The Company operates its business through three segments. The Memory Module segment produces memory devices including dynamic random access memory (DRAM) memory modules used in personal computers, communication equipment, as well as memory modules used in servers. The Internet Protocol (IP) Communication segment manufactures devices consisting of voice over IP (VoIP) terminals, high speed Internet modems, and converged home gateways, among others. The Other segment involves in the real estate lease business.
HANYANG DIGITECH CO., LTD. 
