Youngwire Co., Ltd. (KOSE:A012160) announced a private placement of round 2 unregistered coupon nonguaranteed convertible private for gross proceeds of KRW15,000,000,000 on October 23, 2020. The transaction will involve participation from Samsung Securities Co., Ltd on behalf of A1 Fund 1 for KRW 1,600,000,000, on behalf of Fund 2 for KRW 1,000,000,000, on behalf of Susung Fund 1 for KRW 200,000,000, Mirae Asset Daewoo Co., Ltd. on behalf of A1 Fund 2 KRW 600,000,000, on behalf of Susung Fund 2 for KRW 1,500,000,000, on behalf of Susung Fund 3 for KRW 300,000,000, KB Securities Co., Ltd. for KRW 2,300,000,000, on behalf of A1 Fund 3 for KRW 800,000,000, KB Securities Co., Ltd on behalf of A1 Fund 3 for KRW 2000,000,000, Synergy-NH Mezzanine Blind New Technology Business Fund 1 for KRW 1000,000,000, Synergy Turnaround New Technology Business Fund 7 for KRW700,000,000, Synergy Mezzanine Blind New Technology Business Fund 5 for KRW 300,000,000, Korea Investment & Securities Co., Ltd. (in the trust business status of Susung Fund 5) for KRW 700,000,000. The bonds carry a 0% coupon, 2% yield to maturity, and mature on October 28, 2023.

The company will issue equity shares at KRW 1,115 each for 13,452,914 shares which are fully convertible. The conversion period starts at October 28, 2021 and ends on September 28, 2023. The expected payment date is on October 28, 2020.

The transaction was approved by board of directors