Sang-A Frontec Co.,Ltd. announced that it expects to receive KRW 31.051261 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, SK Securities Co., Ltd., Investment Arm
April 13, 2021
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Sang-A Frontec Co.,Ltd. (KOSDAQ:A089980) announced that it will issue series 5 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 31,051,261,000 on April 14, 2021. The bonds will be issued at par. The transaction will include participation from Korea Investment & Securities Co., Ltd., Investment Arm for KRW 16,401,261,000 and SK Securities Co., Ltd., Investment Arm for 14,650,000,000. The bonds will mature on April 16, 2026. The bonds are convertible into 529,885 common shares at a fixed conversion price of KRW 58,600 per share from May 16, 2021 to March 16, 2026. The date of subscription and expected date of payment is April 16, 2021. The bonds are subject to a hold period of one year from the date of issue. The transaction is 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 31.051261 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, SK Securities Co., Ltd., Investment Arm