BYON Co., Ltd. announced that it expects to receive KRW 4.99999959 billion in funding
September 15, 2020
Share
BYON Co., Ltd. (KOSDAQ:A032980) announced a private placement of 4,115,226 common shares at an issue price of KRW 1,215 for gross proceeds of KRW 4,999,999,590 on September 16, 2020. The transaction will involve participation from new investor, W Global 5. The shares will be issued at a premium and through third party allotment method. The transaction is expected to close on December 21, 2020. Post the closing of the transaction, the shares issued by the company will increase from 62,785,551 to 66,900,777. The shares issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors the company.
BYON Co., Ltd., formerly Polyvision Co., Ltd is a Korea-based company primarily engaged in the manufacture and distribution of industrial materials. The Company operates its business through three segments. Its Industrial Material segment manufactures tarpaulins, banner flexes and polyvinyl chloride (PVC) flooring materials, which are used for truck covers, roof covers, billboards, flags, container bags and house decoration tiles. Its Overseas Resources Development segment explores copper and molybdenum. Its Bio Medical segment sells medicines and medical equipment. The Company distributes its products within domestic market and to overseas markets.
BYON CO., LTD. 
