Hwaseung Vina Co., Ltd announced that it will receive KRW 22,102,000,000 in a round of equity funding on October 5, 2016. The transaction will include participation from existing investor Hwaseung Enterprise Co., Ltd. (KOSE:A241590). Post the closing, the investor will continue to retain its stake of 100% in the company. The payment date of the transaction is October 31, 2016. The transaction has been approved by the board of directors of the company. The company reported total assets of KRW 256,383,324,949, total liabilities of KRW 189,944,059,572, total capital of KRW 66,439,265,377, revenue of KRW 382,463,177,386, and net profit of KRW 12,969,165,807 for the year ended December 31, 2015.