Mlc Company Ltd. announced that it expects to receive KRW 5 billion in funding from IS DongSeo Co., Ltd.
October 18, 2023
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Mlc Company Ltd. announced that it will issue 500,000 common shares at an issue price of KRW 10,000 for gross proceeds of KRW 5,000,000,000 on October 19, 2023. The transaction included participation from returning investor IS DongSeo Co., Ltd. The transaction was approved by the board of directors of the company. The securities are issued through shareholder allocation method.
IS Dongseo Co Ltd is a Korea-based company principally engaged in the construction business. The Company operates its business through seven segments. Construction segment is engaged in the construction of apartments, villas, schools, museums, leisure facilities, residential-commercial complexes and others. Ceramic Industry segment manufactures and sells tiles, sanitary wares and bidets. Concrete segment is engaged in the manufacture of prestressed high-strength concrete (PHC) piles, concrete segments, general prestressed concretes, rail ties and others. Rental segment is engaged in the equipment leasing business. Environmental Business segment conducts construction waste collection, transportation and intermediate treatment, car demolition recycling business, as well as services. Marine Transportation segment engages in the marine transportation business. Other segment is engaged in the leasing business.