CU Medical Systems, Inc. announced that it expects to receive KRW 15 billion in funding from Korea Bond Investment Advisory Co., Ltd.
May 15, 2019
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DIO Corporation (KOSDAQ:A039840) announced a private placement of 7th series unregistered coupon unguaranteed private convertible bonds for gross proceed of KRW 5,000,000,000 and series 8th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 for the gross proceeds of KRW 15,000,000,000 on May 16, 2019. The transaction will include participation from Korea Fixed-Income Investment Advisory for 5,000,000,000 shares. The company will issue bonds at par. The bonds carry coupon rate of 1% and yield to maturity of 4%. The series 7 bonds will mature on May 31, 2022 and series 8 bons will mature on July 8, 2022. The series 7 bonds are convertible into 1,845,699 common shares of the company at a fixed conversion price of KRW 2,709 per share from May 31, 2020 to April 30, 2022 and series 8 bonds will be fully convertible into 3,691,399 common shares representing 23.23% stake in the company at a fixed conversion price of KRW 2,709 per share from July 8, 2020 to June 8, 2022. The subscription date is May 16, 2019 and the payment date is May 31, 2019. The transaction has been approved by the board of directors of the company. The transaction is expected to close on July 8, 2019.
CU MEDICAL SYSTEMS, INC. is a Korea-based company mainly engaged in the development, manufacture and marketing of medical equipment. The Company's product portfolio consists of medical equipment used for emergency care, utility health (U-Health) care and rehabitation care. Its emergency care equipment includes defibrillators, automated external defibrillator (AED) trainers, mannequins and data management software. Its U-Health care equipment includes telemetry systems, AED management systems and wearable electrocardiogram (ECG) sensors. Its rehabitation care equipment includes neuromuscular electrical stimulators. The Company distributes its products within domestic market and to overseas markets.
CU MEDICAL SYSTEMS, INC. 