J. Stephen Co., Ltd. announced that it has received KRW 30 billion in funding
March 19, 2020
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On March 20, 2020, J. Stephen Co., Ltd. (KOSDAQ:A096690) closed the transaction. The company issued 15th series convertible bonds for KRW 20,000,000,000, 14th series convertible bonds for KRW 10,000,000,000 and 16th series convertible bonds for KRW 10,000,000,000 in its second tranche. The company announced that the maturity date of the 14th series convertible bonds and 16th series convertible bonds will be March 20, 2023, and conversion value will be KRW 1,000 per share and the conversion period will start from March 20, 2021 and end on February 20, 2023. The subscription date and expected closing date for 16th series convertible bonds will be March 20, 2020. The company will now issue 16th series convertible bonds Woojin SI. The 16th series bonds are convertible into 10,000,000 shares at a conversion price of KRW 1,000 per share between March 20, 2021 to February 20, 2023.
ARoot Co Ltd, formerly J Stephen Lab Ltd, is a Korea-based company engaged in the manufacturing and sale of mini printers. The Company operates its business through three main segments. The Mini Printer Business segment manufactures and sells point of sale (POS) printers, which are used for receipts output, tickets issuing and lotteries output in department stores, hotels and restaurants; label printers, which are used in plants and distribution centers; mobile printers used for parking management, delivery-related industrials and sticker output, as well as printer mechanisms, which are used for credit card terminals, parking systems, kiosk banking systems and POS systems. The Distribution Business segment sells products such as bags and watches. The Electric Equipment Business segment is engaged in the manufacturing of power supply apparatuses and power converters.
AROOT CO., LTD. 
