Cosmo Advanced Materials & Technology Co., Ltd. announced that it expects to receive KRW 19.747965 billion in funding from Cosmo Chemical Co., Ltd.
October 22, 2019
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Cosmo Advanced Materials & Technology Co., Ltd. announced an equity round of funding for 19,747,965 shares at a price of KRW 1,000 per share for the gross proceeds of KRW 19,747,965,000 on October 23, 2019. The transaction included participation from returning investor Cosmo Chemical Co., Ltd. (KOSE:A005420). The transaction was approved by the board of directors of the investor.
The transaction is expected to close on October 31, 2019.
COSMO CHEMICAL CO., LTD. is a Korea-based company mainly engaged in the manufacture of titanium dioxides. The Company produces titanium dioxides, which are used in rubbers, papers, resins, paints, bricks, electronic components, multi layer ceramic capacitors (MLCCs), catalysts and others under the brand name COTIOX KA-100 and COTIOX KA- 300. It also provides cobalt sulfates, including liquid cobalt sulfates, solid cobalt sulfates and cathode coppers, which are used for secondary lithium batteries, paint desiccants, cobalt pigments, tire bonds, electricity and communication cables, construction materials and others; water treatment agents, such as ferrous sulfates, poly ferric sulfates, liquid ferrous sulfates, gypsums and others, which are used in wastewater treatment agents, construction materials and other industries. The Company distributes its products within domestic market and to overseas markets.
COSMO CHEMICAL CO., LTD. 
