Ins Korea Co.,Ltd announced that it expects to receive KRW 5 billion in funding from NextEye Co., Ltd.
January 02, 2017
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Ins Korea Co.,Ltd announced a private placement of 14,667 common shares at a price of KRW 340,901 per share for gross proceeds of KRW 4,999,994,967 on January 3, 2017. The transaction will include participation from new investor NextEye Co., Ltd. (KOSDAQ:A137940) for 42.31% stake. The shares were issued through third party allocation. The transaction will close on January 4, 2017. Post the closing, the total shares of the company will be increased from 20,000 to 34,667. The transaction has been approved by the board of directors of the company.
NextEye Co., Ltd. is a Korea-based company principally engaged in the manufacture and sale of inspection equipment. The Company manufactures liquid crystal display (LCD) visual inspection equipment including LCD film inspection equipment, LCD glass breakage inspection equipment, three dimensional (3D) measuring equipment and others. The Company also produces x-ray inspection equipment, frame grabbers and others. In addition, the Company is engaged in the cosmetics wholesale and retail business. The Company sells its products within domestic market and to overseas markets.
NEXTEYE CO., LTD. 
