ENF USA Holdings, Inc. announced that it expects to receive $8 million in funding from ENF Technology Co., Ltd.
April 27, 2020
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ENF USA Holdings, Inc. announced that it will issue 1,600,000 common shares at a price of $5 per share for gross proceeds $8,000,000 on April 28, 2020. The transaction will include participation from returning investor ENF Technology Co., Ltd. (KOSDAQ:A102710), which will retain its 100% stake in the company. The company currently has a total of 4,540,000 common shares issued. The transaction consists of 3.7% of the equity capital of the company. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on April 29, 2020.
ENF Technology Co.,Ltd is a Korea-based company mainly engaged in the production of semiconductors and thin film transistor liquid crystal displays (TFT LCDs) materials. The Company's product portfolio consists of process chemicals, including thinners, developers, strippers, etchants, promoters and others used for semiconductors and LCDs; fine chemical products, including monomers, ArF monomers for photoresist, photo acid generators, anti reflective coating monomers and polymers, additives and others used for displays and semiconductors, and color pastes used for small displays, notebooks, monitors and others. It also engages in the secondary battery business. The Company distributes its products within domestic markets and to overseas markets.
ENF TECHNOLOGY CO., LTD. 
