SGA Solutions (KOSDAQ:A184230) has approved the private placement of 9 billion South Korean won or $6.7 million in unsecured, unregistered convertible bonds.
The board of directors passed the resolution on Dec. 19, with the payment date set for Dec. 29, according to its bourse filing on Monday.
These bonds are not intended to be listed on a public exchange, while the issuance will be conducted domestically in South Korea through a private offering.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.