DE&T Co., Ltd. announced that it expects to receive KRW 6.5 billion in funding from KB Securities Co., Ltd., Investment Arm, Hize Asset Co., Ltd., IBK Capital Corporation, Shinhan Investment Corp., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, Seoul Investment Partners Co., Ltd., and other investors
November 15, 2018
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DE&T Co., Ltd. (KOSDAQ:A079810) announced a private placement of 3rd series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 6,500,000,000 on November 16, 2018. The transaction will include participation from KB Securities Co., Ltd., Investment Arm for KRW 2,400,000,000, existing investor IBK Capital Corporation, Shinhan Investment Corp., Investment Arm, Seoul Investment Partners Co., Ltd. for KRW 1,000,000,000 each, and other investors. The bonds do not carry any coupon and carry yield to maturity of 0%. The bonds will mature on November 20, 2023. The bonds are 100% convertible at fixed conversion price of KRW 2,327 per share into 2,793,296 shares. The conversion period will start on November 20, 2019 and will end on November 13, 2023. The subscription date and payment date is November 20, 2018. The transaction has been 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 6.5 billion in funding from KB Securities Co., Ltd., Investment Arm, Hize Asset Co., Ltd., IBK Capital Corporation, Shinhan Investment Corp., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, Seoul Investment Partners Co., Ltd., and other investors
DE&T CO., LTD. 
