INTEKPLUS Co., Ltd. announced that it expects to receive KRW 4.999991625 billion in funding
July 11, 2018
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INTEKPLUS Co., Ltd. (KOSDAQ:A064290) announced a private placement of 1,481,479 convertible preferred shares at a price of KRW 3,375 per share for gross proceeds of KRW 4,999,991,625 on July 12, 2018. The transaction will include participation from KTB KOSDAQ Venture Securities Investment Trust for 800,000 shares, Susung KOSDAQ Venture PLUS Multi-strategic Hedge Fund for 296,296 shares, Susung KOSDAQ Venture Multi-asset Aggressive Investing Type Hedge Fund for 177,777 shares, and other investors. The conversion will start on July 21, 2019 and will end on July 20, 2023. The eligibility date for dividend payout of new shares is January 1, 2018. The transaction is expected to close on July 20, 2018. The securities to be issued are subject to a hold period of one year. The transaction has been approved by the board of directors of the company.
INTEKPLUS Co., Ltd. is a Korea-based company engaged in the manufacturing of visual inspection systems. The Companyâs products portfolio consists of final vision inspection systems for semiconductor packages; bump inspection systems for printed circuit boards (PCBs); full automatic memory module inspection machines used to detect surface mount technology (SMT) errors; light emitting diode (LED) visual inspection systems used in the LED assembly processes, as well as photovoltaic (PV) visual inspection systems for solar cells and solar wafers. The Company supplies its products within domestic market and to overseas companies. On February 20, 2014, it acquired a 100% stake of a Korea-based company, which is engaged in the femto laser glass processing business.