SGA Solutions Co.,Ltd. announced that it expects to receive KRW 2 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm
January 08, 2020
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SGA Solutions Co.,Ltd. (KOSDAQ:A184230) announced a private placement of episode 4 bearer lee kwon-mu private convertible bond for gross proceeds of KRW 2,000,000,000 on January 9, 2020. The transaction will involve participation from Korea Investment & Securities Co., Ltd., Investment Arm. The bonds will carry both surface and maturity interest rate of 3%. The bonds have a maturity date of January 13, 2023. The bonds can be fully convertible into 1,587,301 common share of the company, representing 4.32% stake at a price of KRW 1,260 from January 13, 2021 to December 13, 2022. The transaction is expected to close on January 13, 2020. The transaction has been approved by the board of directors of the company.
SGA Solutions Co Ltd is a Korea-based company mainly engaged in the provision of software security solutions. The Company develops and provides security solutions such as server security, application security, endpoint security, and integrated security. And the Company also provides services such as building and maintenance of system. In addition, the Company sells products such as Motorola solutions.
SGA SOLUTIONS CO.,LTD. 
