Korea Digital Communications Corporation announced that it has received KRW 1.5 billion in funding.
January 23, 2014 at 11:00 pm
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Korea Digital Communications Corporation (KOSDAQ:A029480) announced a private placement of 21st unregistered coupon unsecured private convertible debentures for gross proceeds of KRW 1,500,000,000 on January 24, 2014. The debentures were issued in full to J Plus Asset Co., Ltd. through domestic private convertible debenture issuance. The debentures carry an 11.5% coupon, will mature on January 24, 2017, and are convertible at a 100% conversion rate into registered common stock of the company at KRW 2,260 per share. The conversion period will start on January 24, 2015 and end on December 24, 2016. The subscription and payment date for the transaction is January 24, 2014. The transaction was approved by the board of directors.
On January 24, 2014, Korea Digital Communications Corporation closed the transaction.
Kwangmu Co Ltd, formerly Lix Solution Co Ltd, is a Korea-based company mainly engaged in the provision of network and system integration services. The Company operates its business through five segments. The Network Business segment is engaged in system construction and development business such as service infrastructure design and customer-customized system development. The Maintenance Business segment provides network integrated maintenance services. The Information Technology Outsourcing (ITO) Business segment provides network equipment rental services. The Other Business segment provides 3D cinema systems and 3D camera systems and engages in real estate rental business. The Semiconductor Distribution segment distributes products related to memory semiconductors and provides smart solutions.
KWANGMU CO.,LTD. 
