Mgenplus Co.,Ltd. announced that it has received KRW 4 billion in funding
August 30, 2021
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Mgenplus Co.,Ltd. announced a private placement of 19th unregistered coupon non guaranteed private convertible bond gross proceeds of KRW 4,000,000,000 on August 31, 2021. The transaction will involve participation from individual investor Kyungsik Choi. The bonds have 0% coupon rate, and 2% of maturity rate. The bonds will mature on August 31, 2024 and fully convertible into 2,222,222 shares at a conversion price of KRW 1,800 from August 31, 2022 to July 31, 2024. The payment date of the transaction is August 31, 2021. The transaction was approved by board of directors of the company.
Mgen Solutions Co Ltd, formerly BNGT Co Ltd, is a Korea-based company engaged in the manufacture and sale of printer cartridge parts. The Company operates its business through five segments. The Developing Machine Business segment is engaged in the manufacture and sale of printer cartridge parts. The Broadband Convergence Network (BcN)/Artificial Intelligence (AI) Business segment is engaged in the operation and build of broadband self-communication network. The Segment is also engaged in the provision of artificial intelligence image analysis solutions. The Communication Network Business segment is engaged in the provision of information technology services related to smart homes and the Internet of Things (IoT). The Bio Business segment is engaged in the development of organs for transplantation. The Other Business segment is engaged in the sale of medical devices.
MGEN SOLUTIONS CO., LTD. 
