J.E.T. Co.,Ltd. announced that it has received KRW 2.95 billion in funding from Zeus Co., Ltd.
September 26, 2013 at 12:00 am
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J.E.T. Co.,Ltd. announced a private placement of 430,000 shares at a price of KRW 6863.90 per share for gross proceeds of KRW 2,951,478,000 on September 26, 2013. Pursuant to the transaction, the investor will own 1,850,000 shares, representing 100% stake in company.
On September 26, 2013, J.E.T. Co.,Ltd. closed the transaction.
JET Co Ltd is a Japan-based company mainly engaged in the semiconductor business. The Company is engaged in the development, design, manufacture, and sale of semiconductor cleaning equipment. The batch type cleaning device includes BW3700, BW3000, and BW2000. The single-wafer cleaning device includes HTS-300. Mainly sold to semiconductor manufacturers in South Korea, China and Taiwan markets. The Company also provides field services related to semiconductor cleaning equipment, including equipment modification, parts sales, maintenance services at customers' factories. It is also engaged in the development and sale of lithium-ion battery (LIB) inspection and manufacturing equipment such as the internal short-circuit/open event inspector ISO EC-J1000, which inspects battery elements after injection using a unique algorithm, and the production and sale of agricultural products.