Woori Technology, Inc. announced that it has received KRW 2.1 billion in funding
June 11, 2020
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Woori Technology, Inc. (KOSDAQ:A032820) announced that it will issue series 9 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 2,100,000,000 on June 12, 2020. The transaction will involve participation from new investor, Goodpin Co., Ltd. The bonds carry coupon of 2% and 4% yield to maturity. The bonds will mature on June 12, 2023. The bonds will be issued at par. The bonds are fully convertible into 2,521,008 shares representing 2.45% stake at a fixed conversion price of KRW 833 each starting from June 12, 2021 till May 12, 2023. The transaction has been approved by the board of directors of the company.
Woori Technology Inc. is a Korea-based company engaged in the design and manufacture of nuclear instrumentation and control systems. The Company operates in two business divisions: system division, which designs and produces nuclear control systems, such as plant monitoring systems (PMSs), plant annunciator systems (PASs), seismic monitoring systems (SMSs), loose part monitoring systems (LPMSs) and distributed control systems (DCSs), used in nuclear power plants, as well as new business division, which involves in the trading of multi personal computer (PC) system and mineral resources such as anthracite coals, steam coals and others, as well as provision of childâs crying reason analysis systems. It also involves in the leasing of non-residential buildings.
WOORI TECHNOLOGY, INC. 
