Jooyon Tech Co., Ltd. announced that it expects to receive KRW 5 billion in funding from Sejong Mutual Savings Bank Co.,Ltd., Investment Arm
November 28, 2016
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Jooyon Tech Co., Ltd. (KOSE:A044380) announced a private placement of 2nd unregistered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on November 29, 2016. The bonds will mature on December 1, 2019. The bonds will bThe bonds bear a fixed interest rate and yield to maturity of 3.5% per annum each. The bonds are convertible into common shares of the company at a fixed conversion price of KRW 1,350 per share from December 1, 2017 to November 1, 2019. The bonds will be issued to existing investor Sejong Mutual Savings Bank Co.,Ltd., Investment Arm. The transaction is expected to be completed by December 1, 2016. The transaction has been approved by board of directors of the company.
JOOYONTECH CO., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of personal computers (PCs) and computer peripheral products. The Companyâs products portfolio consists of PC desktops, liquid emitting diode (LED) monitors for PC use, and computer peripheral products, such as mouse, keyboards, speakers and others under the brand name JOOYONTECH Computer. In addition, the Company is involved in the distribution of its PC products through local agents, service centers and other distributors, such as Internet shopping malls, television and home shopping channels, discount stores and others. The Company distributes its products within domestic market and to overseas markets.
JOOYONTECH CO., LTD 