Synopex Inc. announced that it expects to receive KRW 15 billion in funding from Eugene Private Equity, Mirae Asset Daewoo Co., Ltd., Investment Arm, DB Financial Investment Co.,Ltd., Investment Arm, Hanyang Securities Co., Ltd., Investment Arm, and other investors
February 25, 2021
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Synopex Inc. (KOSDAQ:A025320) announced a private placement of series 22 domestic unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 15,000,000,000 on February 26, 2021. The transaction will include participation from Eugene Private Equity for KRW 3,500,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000, C-Square The banks 1 professional investment type Trust business entity of private equity investment trust Trust business entity of private equity investment trust for KRW 1,500,000,000, Synergy-Shinhan Mezzanine New Technology Business Fund No. 2 for KRW 1,000,000,000, KDBC Synergy Mezzanine New Technology Business Fund No. 1 for KRW 1,000,000,000, Synergy 4th Industry 14 New Technology Business Fund for KRW 1,000,000,000, C Square The banks 1 Hedge Fund for KRW 1,000,000,000, Sussung The banks 1 Hedge Fund for KRW 1,000,000,000, DB Financial Investment Co.,Ltd., Investment Arm for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Focus SY-AP Hedge Fund 1 for KRW 300,000,000, and Focus SuperRich Hedge Fund 5 and Focus SY Rampart KosdaqVenture Hedge Fund 1 for KRW 700,000,000. The bonds will not carry any coupon rate or interest rate to maturity. The bonds will mature on March 3, 2026. The bonds are fully convertible into 3,610,108 shares at a conversion price of KRW 4,155 per share. The conversion period starts from March 3, 2022 and ends on February 3, 2026. The transaction is expected to close on March 3, 2021. The transaction has been approved by the board of directors of the company.
Synopex Inc. is a Korea-based company mainly engaged in the manufacture of mobile phone components. The Company operates its business through three divisions: information technology (IT) business division, packaging and filter business division and water environment business division. Its IT business division provides touch screen panels, which are used for handheld devices and home appliances. Its packaging and filter business division engages in the manufacturing and provision of rust-preventive paper and cartridge filters used for steel packaging, water purification and others. Its water environment division engages in the water treatment business, providing the design and build of tap water supply systems and water treatment systems. The Company also provides panel board assembles (PBAs) mainly to Samsung Electronics.
Synopex Inc. announced that it expects to receive KRW 15 billion in funding from Eugene Private Equity, Mirae Asset Daewoo Co., Ltd., Investment Arm, DB Financial Investment Co.,Ltd., Investment Arm, Hanyang Securities Co., Ltd., Investment Arm, and other investors