Kbi Dongkook Ind. Co., Ltd announced that it expects to receive KRW 15.999999924 billion in funding from Kuk In Industrial Co, Ltd
May 24, 2021
Share
Dongkook Ind.Co.,Ltd (KOSE:A001620) announced a private placement of 20,356,234 shares of face value KRW 500 each at a price of KRW 786 per share for gross proceeds of KRW 15,999,999,924 on May 25, 2021. The transaction will include participation from returning investor, Kuk In Industrial Co, Ltd. The shares will be issued at a 10% premium. The shares will be issued through third partly allotment method. The shares will have a lock up period of one year. Post the closing, the number of shares will increase to 66,861,743. The payment date is June 01, 2021. The transaction has been approved by the board of directors of the company.
KBI DONGKOOK IND CO., LTD, formerly DONGKOOK IND.CO., LTD, is a Korea-based company mainly engaged in the manufacture of automobile components. The Company's products consist of injection molding products such as crash pads reinforcements, front carrier assemblies, console floor assemblies, glove box assemblies, cluster facia assemblies, shroud steering, washing tank assemblies and nozzle defroster assemblies; blow molding products such as blow heater connection assemblies, which are used for air conditioners and heaters, and luggage board assemblies used for loading products in car trunks. The Company is also engaged in the rental business and construction business. It supplies its products within domestic market and to overseas markets.
KBI DONGKOOK IND.CO.,LTD. 
