Sang-A Frontec Co., Ltd. announced that it expects to receive KRW 20 billion in funding from Shinhan Investment Corp., Investment Arm, Brain Asset Management Co., Ltd., Moorim Capital Co., Ltd., Friend Investment Management and other investors
October 22, 2017
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Sang-A Frontec Co., Ltd. (KOSDAQ:A089980) announced a private placement of 2nd series unregistered coupon unguaranteed unsecure private convertible bonds for gross proceeds of KRW 20,000,000,000 on October 23, 2017. The transaction will involve participation from Fund 6 for KRW 8,000,000,000, Brain Private Fund 17 for KRW 3,000,000,000, Rhinos Global Mezzanine Plus Private Investment Trust 1 and Friend Investment Management for KRW 2,000,000,000 each and other investors. The bonds will be fully convertible into 1,461,240 shares of the company at a fixed conversion price of KRW 13,687 per share between October 25, 2018 and September 25, 2021. The bonds will mature on October 25, 2021. The subscription and payment date for the transaction is October 25, 2017. The transaction has been approved by the board of directors of the company.
SANG-A FRONTEC CO.,LTD is a Korea-based company principally engaged in the manufacture of electronic and industrial components. The Company's product portfolio consists of rechargeable battery components, including insulators, gaskets and others; display components, including flat panel display (FPD) cassettes, polytetrafluoroethylene (PTFE) sheets and others; printer components, including fuser belts, transfer belts, metal belts, phase inverter (PI) tubes and others, as well as panel boxes, panel trays, backup boards, wafer carriers, shipping boxes and others. The Company distributes its products within domestic market and to overseas markets.
Sang-A Frontec Co., Ltd. announced that it expects to receive KRW 20 billion in funding from Shinhan Investment Corp., Investment Arm, Brain Asset Management Co., Ltd., Moorim Capital Co., Ltd., Friend Investment Management and other investors
SANG-A FRONTEC CO.,LTD. 
