InkTec Co., Ltd. announced that it expects to receive KRW 4 billion in funding from Synergy Partners Co., Ltd.
April 20, 2017
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InkTec Co., Ltd. (KOSDAQ:A049550) announced a private placement of 6th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on April 21, 2017. The transaction will include participation from Synergy Partners Co., Ltd. The bonds carry a coupon rate of 1% and would mature on April 25, 2022. The yield to maturity rate of the bonds is 2%. The bonds are fully convertible into 583,175 common shares of the company at a fixed conversion price of KRW 6,859 per share between April 25, 2018 to March 25, 2022. The subscription and payment date of the bonds is April 25, 2017. The transaction has been approved by the board of directors of the company.
INKTEC CO., LTD. is a Korea-based company that specializes in the manufacture of ink products. The Company mainly operates in three divisions: image printing, printed electronics and printing system. Its image printing division produces refill inks used in office automation printers, bulk inks used in inkjet printers, electronic inks, as well as commercial inks used in large format printers (LFPs), including refill type and cartridge type. Its printed electronics division produces inks and coatings, paste inks, reflective films, conductive silver inks and others. Its printing system division produces ultraviolet inkjet printer under the brand name JETRIX. It also involves in the provision of media papers, toners, inkjets and others, as well as leasing business. The Company distributes its products within domestic market and to overseas markets.
INKTEC CO., LTD. 
