Hwashin Fabricante De Pecas Automotivas Brasil Ltda. announced that it will receive KRW 8,734,500,000 in an equity round of funding from existing investor, Hwashin Co., Ltd. on July 27, 2015. The investor will hold 75% stake in the company on completion.

The transaction is scheduled to complete on July 28, 2015. The company reported total assets of KRW 76,249,000,000, total liabilities of 94,097,000,000, total shareholders' equity of KRW -17,848,000,000, capital of KRW 36,009,000,000, sales revenue of KRW 78,049,000,000, and net loss of KRW 12,718,000,000 for the year ending December 31, 2014.