InkTec Co., Ltd. announced that it expects to receive KRW 5.5 billion in funding from IBK Securities Co. Ltd., Investment Arm
June 02, 2019
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InkTec Co., Ltd. (KOSDAQ:A049550) announced that it will issue series 7 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,500,000,000 on June 3, 2019. The transaction will include participation from IBK Securities Co. Ltd., Investment Arm for KRW 2,500,000,000 and Jungdon Kim for KRW 3,000,000,000. The bonds will bear a coupon rate of 2% and yield to maturity of 3% per annum. The bonds will mature on June 5, 2022. The bonds will be fully convertible into 1,466,666 common shares representing 8.39% stake in the company at a fixed conversion price of KRW 3,750 per share from June 5, 2020 to May 5, 2022. The transaction has been approved by the board of director of the company. The transaction is expected to close on June 5, 2019.
INKTEC CO., LTD. is a Korea-based company that specializes in the manufacture of ink products. The Company mainly operates in three divisions: image printing, printed electronics and printing system. Its image printing division produces refill inks used in office automation printers, bulk inks used in inkjet printers, electronic inks, as well as commercial inks used in large format printers (LFPs), including refill type and cartridge type. Its printed electronics division produces inks and coatings, paste inks, reflective films, conductive silver inks and others. Its printing system division produces ultraviolet inkjet printer under the brand name JETRIX. It also involves in the provision of media papers, toners, inkjets and others, as well as leasing business. The Company distributes its products within domestic market and to overseas markets.
INKTEC CO., LTD. 
