Infohub.co announced that it expects to receive KRW 20 billion in funding.
On May 15, 2014, the company announced that it has amended the terms of the transaction. The subscription period will now start and end on June 27, 2014. The payment date will now be June 30, 2014.
On June 24, 2014, the company announced that the transaction will include participation from existing investor, Galaxia Communications Co., Ltd, which will invest KRW 10,934,362,500 and will hold 54.67% stake of the company on closing of the transaction. The subscription by Galaxia Communications Co., Ltd has been approved by board of directors of the company.
On June 28, 2014, the company amended the terms of the transaction. The company will now issue 21,952,402 shares for gross proceeds of KRW 10,976,201,000. The board of directors approved the amendment.