Haisung TPC Co., Ltd. announced that it expects to receive KRW 8.9999729 billion in funding
November 03, 2021
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Haisung TPC Co., Ltd. announced a private placement of 1,232,873 convertible preferred stock at the price of KRW 7,300 per share for gross proceeds of KRW 8,999,972,900 on November 4, 2021. Samsung Securities Co., Ltd. in the position of trustee of Brain Growth Company Buffered Bottom Open Top Mezzanine Hedge Fund will acquire 410,958 shares, Samsung Securities Co., Ltd. in the position of trustee in Susung KOSDAQ Venture Multi-Mezzanine M1 Hedge Fund will acquire 95,890 shares, Mirae Asset Securities Co., Ltd. in the position of a trustee in Susung KOSDAQ Venture M4 Hedge Fund will acquire 82,191 shares, Mirae Asset Securities Co., Ltd. in the status of a trustee in Susung KOSDAQ Venture M2 Hedge Fund will acquire 136,986 shares, Mirae Asset Securities Co., Ltd. in the position of trustee in Susung KOSDAQ Venture M3 Hedge Fund will acquire 27,397 shares, Small and Medium Business Bank in the position of trustee in Timefolio Innovation Growth Green New Deal Hedge Fund will acquire 136,986 shares, Samsung Securities Co., Ltd. in the position of trustee in Timefolio KOSDAQ Venture It's Time-MS 2 Hedge Fund will acquire 136,986 shares, Samsung Securities Co., Ltd. in the position of trustee of NH Absolute Mezzanine General Private Equity Trust 2 will acquire 68,493 shares, and Samsung Securities Co., Ltd. in the position of trustee in NH Absolute KOSDAQ Venture Mezzanine Hedge Fund 1 will acquire 136,986 shares. The par value per share is KRW 500. The 3rd party allocation capital increase transaction has been approved by the board of directors of the company. The transaction is expected to close on November 11, 2021.
Haisung Aero-Robotics Co Ltd, formerly Haisung TPC Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of reducers and hoisting machines. The Company operates its business through three segments. The Elevator Reducer and Hoisting Machine segment develops and manufactures hoisting machines, reducers and gear devices used for elevators and escalators. The Industrial Reducer segment develops and manufactures reducers used for steel making facilities, handling facilities, environmental facilities, industrial production lines, wind power generators, and ship engines, among others. The Robot Reducer segment develops and manufactures reducers used for joint drive of industrial manufacturing robots.