NEMOCommerce Co.LTD. announced that it has received KRW 6 billion in funding from Korea Information Engineering Services Co., Ltd..
April 27, 2015 at 12:00 am
Share
NEMOCommerce Co.LTD. announced a private placement of 1,200,000 common shares at KRW 5,000 per share with existing investor Korea Information Engineering Services Co., Ltd. for gross proceeds of KRW 6,000,000,000 on April 27, 2015. The investor acquired 10.2% stake through this transaction and has increased its stake from 80.8% to 91% in the company. The investor will subscribe for 1.3953488 new shares for each share held in the capital of the company. The shares being issued carry a par value of KRW 5,000 per share. On the same date, the transaction was approved by the board of directors of the investor. The subscription date and the payment date of the transaction is April 27, 2015. The company reported total assets of KRW 6,389,000,000, total liabilities of KRW 1,700,000,000, total stockholders' equity of KRW 4,689,000,000, sales revenue of KRW 8,641,000,000, and net loss of KRW 282,000,000 for the year ended December 31, 2014.
Korea Information Engineering Services Co., Ltd. is a Korea-based company engaged in distribution of information technology (IT) hardware. The Company is the distributor of Korean HP, ASUS, EMC and Apple, mainly providing desktop personal computers (PCs), workstations, monitors, printers, servers, notebook PCs, tablet PCs, network storages and other computer peripherals. The Company also engages in the provision of IT solutions including Hi Express, radar search engines, electronic document management systems (EDMSs), business-to-business integrations (B2BIs), enterprise application integrations (EAIs) and others. It also involves in the building leasing business. In addition, the Company engages in the venture capital business through its subsidiary.