Shandong Sanzhen Electrics Co., Ltd. announced that it expects to receive KRW 5.852 billion in funding from THN Corporation
Shandong Sanzhen Electrics Co., Ltd. announced that it will receive KRW 5,852,000,000 in a round of funding on July 4, 2019. The transaction will include participation from existing investor THN Corporation (KOSE:A019180). Post the closing; the investor will retain its 100% stake in the company. The scheduled investment date is July 3, 2020. The transaction was approved by board of directors of the investor.