Fine DNC Co., Ltd. announced that it expects to receive KRW 7.5 billion in funding from Yuanta Securities Co., Ltd., Investment Arm
September 21, 2020
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Fine DNC Co., Ltd. (KOSDAQ:A049120) announced a private placement of series 5 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 7,500,000,000 on September 22, 2020. The transaction will include participation from Yuanta Securities Co., Ltd., Investment Arm. The bonds will mature on September 24, 2025. The bonds do not carry any interest rate and have a yield to maturity of 3%. The bonds are 100% convertible into 3,846,153 common shares at a price of KRW 1,950 per share. The conversion will start from September 24, 2021 and will end on August 24, 2025. The transaction is expected to close on September 24, 2020. The transaction has been approved by the board of directors of the company.
FINEDNC. CO., LTD. is a Korea-based company mainly engaged in the manufacture of thin film transistor-liquid crystal display (TFT-LCD) components. The Companyâs products portfolio consists of top chassis used to protect back lights and panels and prevent panels' breakaway; bottom chassis used for notebook personal computers and LCD televisions; lamp reflectors used for the protection of back light unit lamps, and other components such as cases, clips, inverter bracket assemblies, back covers, molds and mock-ups. Its main clients are Samsung Electronics, Hansol, DS LCD, TAESANLCD, DID and others. The Company distributes its products within domestic market and to overseas markets.
FINE DNC CO., LTD. 
