Tamul Multimedia Co., Ltd announced that it expects to receive KRW 5 billion in funding
August 26, 2021
Share
Tamul Multimedia Co., Ltd announced a private placement of round 3 non-guaranteed private placement convertible bonds for gross proceeds of KRW 5,000,000,000 on August 27, 2021. The transaction will include participation from Genit Fund. The bonds carry no interest rate and 1% maturity rate. The bonds will mature on October 20, 2024, and are 100% convertible into 1,333,688 shares at a price of KRW 3,749 per share. The conversion will start from October 20, 2022 and end on September 20, 2024. The payment date for bonds and shares is October 20, 2021. The transaction has been approved by the board of the company. The bonds are issued at par value and are subject to a hold period of one year from issuance.
Korea Robot Manufacturing Co Ltd, formerly Tamul Multimedia Co Ltd, is a Korea-based company mainly engaged in the manufacture of semiconductor products. The Companyâs products portfolio consists of optical integrated circuits (ICs), such as optical moving picture experts group audio layer-3 (MP3) ICs used to play digital sound source files; multimedia ICs used for secure digital (SD) memory cards, universal serial bus (USB) sticks and other portable memories to play sound source files under the brand names of TMD 70XX, TMC55XX and others; digital audio broadcasting (DAB) ICs under the brand name PN30XX, and application processor (AP) ICs under the brand name TMM92XX. It also involves in the provision of semiconductor design services. The Company distributes its products within domestic market and to overseas markets.
KOREA ROBOT MANUFACTURING CO.,LTD. 
