ENF USA Holdings, Inc. announced that it expects to receive KRW 11.557 billion in funding from ENF Technology Co., Ltd.
January 13, 2020
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ENF USA Holdings, Inc. announced that it will receive KRW 11,557,000,000 in an equity round of funding on January 14, 2020. The transaction will include participation from returning investor ENF Technology Co., Ltd. (KOSDAQ:A102710), which will retain its 100% stake in the company. The company will issue 2,000,000 shares in the transaction. As a part of transaction the investor will acquire 2.5% stake in the company. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on January 21, 2020.
ENF Technology Co.,Ltd is a Korea-based company mainly engaged in the production of semiconductors and thin film transistor liquid crystal displays (TFT LCDs) materials. The Company's product portfolio consists of process chemicals, including thinners, developers, strippers, etchants, promoters and others used for semiconductors and LCDs; fine chemical products, including monomers, ArF monomers for photoresist, photo acid generators, anti reflective coating monomers and polymers, additives and others used for displays and semiconductors, and color pastes used for small displays, notebooks, monitors and others. It also engages in the secondary battery business. The Company distributes its products within domestic markets and to overseas markets.
ENF TECHNOLOGY CO., LTD. 