Hanil Vacuum Co., Ltd. announced that it expects to receive KRW 8 billion in funding from Hands Partners Co., Ltd., BFA Co.,Ltd., Core Trend Investment Ltd. and other investors
November 01, 2021
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Hanil Vacuum Co., Ltd. announced a private placement of 11th series unregistered convertible debt for gross proceeds of KRW 8,000,000,000 on November 2, 2021. The transaction included participation from Hands Partners Co., Ltd. for KRW 3,000,000,000, BFA Co.,Ltd. and Core Trend Investment Ltd. for KRW 1,500,000,000 each, Kim, In-ho for KRW 1,300,000,000, Yeo, Yong-dong for KRW 300,000,000 and Cho,i Kwang-woo and Jaehee Choi for KRW 200,000,000 each. The bonds are being issued at 4% coupon rate and 4% yield to maturity rate. The bonds will mature on November 4, 2024. The bonds can be converted into 9,592,326 common shares representing 10.91% stake of the company at a fixed conversion price of KRW 834 per share. The conversion period is from November 4, 2022 to October 4, 2024. The date of subscription and expected to close on November 4, 2021. The bonds are subject to a hold period of one year from the date of issue. The transaction was approved by board of directors of the company.
Nuon Co Ltd, formerly Hanil Vacuum Co Ltd, is a Korea-based company engaged in the manufacturing and distribution of vacuum deposition apparatuses. The Company operates its business through two segments. The Manufacturing segment develops, produces and distributes vacuum deposition apparatuses and related components used for mobile phones, digital cameras and semiconductor industries. The Environmental segment is engaged in the organic waste feedstuff and composting as well as resource recycling.
Hanil Vacuum Co., Ltd. announced that it expects to receive KRW 8 billion in funding from Hands Partners Co., Ltd., BFA Co.,Ltd., Core Trend Investment Ltd. and other investors