Dongsung FineTec Co., Ltd. announced that it expects to receive KRW 40 billion in funding
September 23, 2019
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Dongsung FineTec Co., Ltd. (KOSDAQ:A033500) announced a private placement of series 3 myeong-sik unsecured private convertible debenture for gross proceeds of KRW 40,000,000,000 on September 24, 2019. The transaction has been approved by the board of directors of the company. The payment date is October 1, 2019.
DONGSUNG FINETEC CO., Ltd, formerly FINETEC CORP, is a Korea-based company mainly engaged in the manufacture of polyurethane (PU) heat insulation materials. The Company operates in two business segments: PU heat insulation materials segment and gas segment. Its PU heat insulation materials segment manufactures PU systems, cryogenic insulation materials and sandwich panels, which are used as heat insulation materials for household appliances, industrial liquefied natural gas (LNG) and construction under the brand name FINEpol, FINEcover and others. Its gas segment manufactures seamless gas cylinders (SGCs), fire protection systems and refrigerants under the brand name FINEXG, FINEGAS and others. It also involves in the real estate rental business. The Company distributes its products within domestic market and to overseas markets.
DONGSUNG FINETEC CO., LTD. 
