Investment Business Weekly
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Provident Group
Jin Young, South Korean Precision Manufacturing Company Closes USD $11 Million Debt Financing
November 2nd, 2008
Jin Young Precision Machine Co., Ltd., a South Korea headquartered specialty manufacturing and design company announced the completion on Oct. 1 2008 of a US$11 million convertible debt financing. The financing was arranged by New York based Provident Group and Boston based Firefly Capital who acted as joint exclusive financial advisors and placement agents for the Company. The capital will be utilized primarily to finance the expansion of Jin Young's nuclear fuel rod component and fuel cell component product lines, as well as to retire existing senior secured debt. In-Jae Lee, CEO of Jin Young Precision, commented on the financing saying, "Our...
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Source: Investment Business Weekly (2008-11-02)
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