MNtech Co., Ltd. announced that it expects to receive KRW 30 billion in funding from BFA Co.,Ltd., Shinhan Investment & Securities Co., Ltd., Ace Susung New Technology Fund 15, NH Investment & Securities Co., Ltd., KB Securities Co., Ltd., Samsung Securities Co., Ltd.
February 13, 2023
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MNtech Co., Ltd. announced a private placement of series 8 bearer type unguaranteed privately placed exchangeable bonds for gross proceeds of KRW 30,000,000,000 on February 14, 2023. The transaction will include participation from HIS-STORY INVESTMENT CO., LTD for 6,500,000,000 shares, BFA Co.,Ltd. for 1,000,000,000 shares, Shinhan Investment & Securities Co., Ltd. for 2,000,000,000 shares, Ace Susung New Technology Fund 15 for 1,000,000,000 shares, NH Investment & Securities Co., Ltd. for 4,500,000,000 shares, KB Securities Co., Ltd. for 2,500,000,000 shares, Samsung Securities Co., Ltd. for 12,500,000,000 shares. The series 8 bonds are restricted to hold period of 1 year and will mature on February 16, 2028.
The bonds are fully convertible into 1,504,966 common shares at a conversion price of KRW 19,934 per share and will be convertible between the period of March 16, 2023 and February 16, 2028. The subscription date and expected date of payment is February 16, 2023. The transaction has been approved by board of directors of the company.
MNtech Co., Ltd. is a Korea-based company engaged in the manufacture of optical films for display applications. The Company mainly produces optical films, such as prism sheets, lens sheets and others, which are used for liquid crystal display (LCD) back light units (BLUs); touch panels, such as conductive films and touch panels; window films, which are used as window tinting of automobiles and building safety films, and reflective films, which are used for traffic signs, street signs and other safety products. The Company distributes its products within domestic market and to overseas markets, including China, Taiwan, Japan and others.
MNTECH CO., LTD. 
