Hansol Lighting Inc. announced that it has received KRW 7 billion in funding from Hansol Logistics Co., Ltd., Hansol Paper Co. Ltd., and Hansol Technics Co., Ltd.
December 16, 2014 at 11:00 pm EST
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Hansol Lighting Inc. announced a private placement of 820,494 common shares at KRW 8,533 per share for gross proceeds of KRW 7,001,275,302 on December 15, 2014. The transaction will involve participation from existing investors Hansol Paper Co. Ltd., which will invest KRW 3,306,000,000 for 387,400 shares and will retain 47.22% stake in the company, Hansol Logistics Co., Ltd., which will invest KRW 2,056,000,000 for 240,979 shares and will retain 29.36% stake in the company, and Hansol Technics Co., Ltd., which will invest KRW 1,639,000,000 for 192,115 shares and will retain 23.42% stake in the company upon completion of the transaction. The shares being issued carry a par value of KRW 8,533 and are being issued at a premium of 70.66%. The company will issue 0.2597449 new shares for each share held by the existing investor. The subscription date and the payment date for the transaction is December 17, 2014. On the same date, the transaction was approved by the board of directors of the company.
On December 17, 2014, Hansol Lighting Inc. closed the transaction.
Hansol Logistics Co., Ltd, formerly Hansol CSN Co., Ltd., is a Korea-based company engaged in the integrated logistics business. The Company operates its business mainly through three divisions: third party logistics (TPL) division, e-logistics division and consulting services division. Its TPL division provides domestic logistics services, such as transportation, storage, stevedoring, as well as international logistics services, including ocean, air and road freight forwarding services. Its e-logistics division provides e-logistics services through real time information monitoring systems, logistics information management systems and others. Its consulting services division provides logistics consulting services, supply chain management (SCM) consulting services, and information technology (IT) and engineering consulting services.
Hansol Lighting Inc. announced that it has received KRW 7 billion in funding from Hansol Logistics Co., Ltd., Hansol Paper Co. Ltd., and Hansol Technics Co., Ltd.