Roborobo Co., Ltd. announced that it expects to receive KRW 1.8 billion in funding from Hongkong Shengtong Trading Limited
roborobo Co., Ltd. announced that it will receive KRW 1,800,000,000 in a round of equity funding from new investor Hongkong Shengtong Trading Limited on August 29, 2016. Pursuant to the transaction, the investor will acquire a stake of 18% in the company. The company signed a cooperation framework agreement with the investor and does not need the approval of the shareholders of Beijing Shengtong Printing Co., Ltd.