Woori Technology, Inc. announced that it expects to receive KRW 19.999999655 billion in funding from Samtan Co., Ltd.
November 03, 2021
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Woori Technology, Inc. announced a private placement of round 12 unregistered nonguaranteed coupon private placement convertible bond for gross proceeds of KRW 10,000,000,000 and 4,987,531 shares at a price of KRW 2,005 for gross proceeds of KRW 9,999,999,655 and aggregate gross proceeds of KRW 19,999,999,655 on November 4, 2021. The transaction is expected to close on November 15, 2021. The transaction was approved by the board of directors of the company.
Woori Technology Inc. is a Korea-based company engaged in the design and manufacture of nuclear instrumentation and control systems. The Company operates in two business divisions: system division, which designs and produces nuclear control systems, such as plant monitoring systems (PMSs), plant annunciator systems (PASs), seismic monitoring systems (SMSs), loose part monitoring systems (LPMSs) and distributed control systems (DCSs), used in nuclear power plants, as well as new business division, which involves in the trading of multi personal computer (PC) system and mineral resources such as anthracite coals, steam coals and others, as well as provision of childâs crying reason analysis systems. It also involves in the leasing of non-residential buildings.
WOORI TECHNOLOGY, INC. 