DE&T Co., Ltd. announced that it expects to receive KRW 12 billion in funding from Synergy Asset Management Co., Ltd., Golden Bridge Asset Management Co., Ltd., Korea Securities Finance Corporation
November 08, 2017
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DE&T Co. Ltd. (KOSDAQ:A079810) announced a private placement of 2nd series unregistered unsecured convertible bonds for gross proceeds of KRW 12,000,000,000 on November 9, 2017. The bonds will have a yield to maturity of 0%, and a fixed coupon rate of 0% per annum. The transaction include participation from Synergy Asset Management Co., Ltd. which will invest KRW10,000,000,000, Golden Bridge Asset Management Co., Ltd. and Korea Securities Finance Corporation will invest KRW 2,000,000,000. The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 5,269 per share from November 10, 2018 to October 10, 2021. The bonds have maturity date of November 10, 2021. The subscription and payment date is November 10, 2017. The transaction was approved by board of directors of the company.
DE&T Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of flat panel display (FPD) equipment and components. The Company produces inspection equipment for liquid crystal displays (LCDs), plasma display panels (PDPs) and active matrix organic light emitting diodes (AMOLEDs). The Companyâs products mainly consist of macro and micro inspections used to test defects in the thin film transistor glasses and color filter glasses by illuminations and microscopes; gross testers used to test defects in FPD cells; PDP bulb testers and label distribution protocol (LDP) devices used to test panels and conduct laser direct patterning, and others, such as components and probe units. The Company distributes its products within domestic market and to overseas markets.
DE&T Co., Ltd. announced that it expects to receive KRW 12 billion in funding from Synergy Asset Management Co., Ltd., Golden Bridge Asset Management Co., Ltd., Korea Securities Finance Corporation
DE&T CO., LTD. 
