[Asia Economy Reporter Jang Hyowon] ICAH, a company producing materials and components for IT devices, announced on the 3rd that it has decided to issue convertible bonds (CB) worth 20 billion KRW. The payment date is the 7th, the bond maturity is February 7, 2026, with a coupon rate of 0% and a maturity rate of 1%.
ICAH plans to use the funds raised this time for facility expansion in preparation for diversifying trading partners, including new North American clients, and expanding new product lines. The company already acquired a 10,000㎡ site near its existing Bac Giang factory near Hanoi, Vietnam, in the third quarter of last year.
The company plans to supply verified products such as challenge tape to North American clients and has succeeded in developing and performance testing display composite materials applied to OLEDs for laptops. Since the second half of last year, it has been supplying products to Samsung Display (SDC).
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