SMEC Co., Ltd. announced that it has received KRW 13 billion in funding from Mirae Asset Daewoo Co., Ltd., Shinhan Investment Corp., Investment Arm, Susung Asset Management Co., Ltd.
December 26, 2018
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SMEC Co., Ltd. (KOSDAQ:A099440) announced that it has raised a Series 6 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000 on December 27, 2018. The transaction will include participation from Mirae Asset Daewoo Co., Ltd. (KOSE:A006800), Shinhan Investment Corp., Investment Arm and Susung Asset Management Co., Ltd. for KRW 1,000,000,000 each. The bonds will mature on December 27, 2023.
The zero coupon bonds are redeemable on its maturity. The bonds are convertible at KRW 2,193 per share from December 27, 2019 to December 27, 2023. The company will also issue 4,450,530 share upon the conversion.
SMEC CO., LTD is a Korea-based company mainly engaged in the machinery and communication industry businesses. The Companyâs machinery business is involved in the production of computer number control (CNC) lathes, machine centers, robots, lasers, catalogue archives, assemblies and original equipment manufacturer (OEM) products under the brand name LCV, PL and others. Its communication business is involved in the provision of trunk gateways, media gateways, signaling gateways, session border controllers, wireless transmission control protocols (TCPs), and maintenance services under the brand names NGTG, NGMG, NGSG, NGSBC and WTCP. The Company also provides repair and maintenance services for communication equipment. It distributes its products within domestic market and to overseas markets.
SMEC Co., Ltd. announced that it has received KRW 13 billion in funding from Mirae Asset Daewoo Co., Ltd., Shinhan Investment Corp., Investment Arm, Susung Asset Management Co., Ltd.
SMEC CO.,LTD 
