Jeil Eng Co.,Ltd announced that it expects to receive KRW 6 billion in funding from Oceanbridge Co., Ltd
November 09, 2017
Share
Jeil Eng Co.,Ltd announced a private placement of 2nd series unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 6,000,000,000 on November 10, 2017. The transaction will involve participation from existing investor Oceanbridge Co., Ltd (KOSDAQ:A241790). The bonds will carry a coupon of 2.9% and have a yield to maturity of 3%. The bonds will mature on November 13, 2020. The bonds will be fully convertible into common shares of the company at a fixed conversion price of KRW 30,000 per share between November 13, 2018 and October 13, 2020. The company reported total assets of KRW 6,807,000,000, total liabilities of KRW 5,101,000,000, total capital of KRW 1,705,000,000, capital of KRW 600,000,000, revenue of KRW 12,306,000,000, and net profit of KRW 36,000,000 for the year ended December 31, 2016.
TEMC CNS Co Ltd, formerly OceanBridge Co Ltd, is a Korea-based company mainly engaged in manufacture of semiconductor chemical and semiconductor equipment. The Company operates its business through three segments. The Equipment segment is engaged in the manufacture and sale of semiconductor equipment and secondary battery equipment. The Chemical (Special Gas) segment is engaged in chemical products used in semiconductor manufacturing processes. The Parts and Others segment is engaged in the manufacture and sale of semiconductor parts.
TEMC CNS CO., LTD. 
