SUR KOREA Co., Ltd. announced that it expects to receive KRW 3.33333 billion in funding from KODI CO., LTD and other investors
May 26, 2020
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SUR KOREA Co., Ltd. announced a private placement of 666,666 shares at a price of KRW 5,000 per share for gross proceeds of KRW 3,333,330,000 on May 27, 2020. The company is raising funding through shareholder increase method. The transaction will include participation from returning investor KODI CO., LTD (KOSDAQ:A080530) for 600,000 shares for KRW 3,000,000,000. The payment date and the subscription end date is July 13, 2020. The company allocated 11.1111000 shares per one old share. The transaction has been approved by the board of directors of the company.
KODI Co.,LTD., formerly KODI-S CO.,LTD. is a Korea-based company principally engaged in the manufacturing of semiconductor testing equipment. The Company operates its business under two segments: display segment and energy segment. Its display segment mainly produces probe units and probe cards used for testing thin film transistor liquid crystal displays (TFT-LCDs), light emitting diodes (LEDs) and semiconductors, and organic light emitting diodes (OLEDs) manufacturing equipment. Its energy segment produces chargers, batteries and battery management systems (BMSs) for electrical vehicles, industrial vehicles, bicycles, autonomous guided vehicles (AGVs) and others. The Company mainly supplies its products to domestic market.
KODI CO., LTD 
