Shandong Sanzhen Electrics Co., Ltd. announced that it expects to receive KRW 4.66 billion in funding from THN Corporation
Shandong Sanzhen Electrics Co., Ltd. announced that it will receive KRW 4,661,400,000 in a round of equity funding from existing investor THN Corporation (KOSE:A019180) on January 16, 2017. Post the closing, the investor will continue to retain its stake of 100% in the company. The transaction has been approved by the board of directors of the investor. The scheduled investment date is January 16, 2018.