Philoptics Co., Ltd. announced that it expects to receive KRW 13.00000425 billion in funding from KB Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm
October 19, 2020
Share
Philoptics Co., Ltd. (KOSDAQ:A161580) announced a private placement of 912,281 registered convertible preferred shares at a price of KRW 14,250 for gross proceeds of KRW 13,000,004,250 on October 20, 2020. The shares have a par value of KRW 500 per share. The transaction will include participation from AIP Growth Professional Investment Type Private Equity Trust No. 8 Trustee, AIP Mezzanine Public Stock Specialized Private Equity Venture Investment Trust No. 5 managed by KB Securities Co., Ltd., Investment Arm for 795,439 shares and existing investor AIP Free IPO Public Offering Stock Specialized Investment Type Private Equity Venture Company Investment Trust No. 1 managed by NH Investment & Securities Co., Ltd., Investment Arm for 116,842 shares. The company will receive funding through third party allotment of shares. The preferred shares are convertible into 912,281 common shares of the company at a price same as the issue price of shares. The conversion request period is from October 28, 2021 to October 26, 2025. The transaction has been approved by the board of directors of the company. The transaction is expected to close on October 28, 2020. The shares issued are subject to restriction period of one year.
PHILOPTICS CO.,LTD. is a Korea-based company principally engaged in the manufacture and distribution of organic light emitting diodes (OLED) laser equipment. The OLED laser equipment are used in OLED displaying process, which include laser lift-off machines, cell cutting and shape cutting machines. The Company also has two operating segments. The Secondary Cell Laser Equipment Segment, which is engaged in the production of notching modules. And the Stepper and Other Equipment Segment, which is engaged in the manufacture of exposure machines which are mainly used for printed circuit boards (PCBs) and touch screen panels (TSPs). The Company is also involved in providing the equipment amending service, and the sales of relevant equipment.
Philoptics Co., Ltd. announced that it expects to receive KRW 13.00000425 billion in funding from KB Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm