FineFire Co., Ltd. announced that it has received KRW 300 million in funding from Inscobee., Inc.
November 14, 2019
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FineFire Co., Ltd. announced a private placement of 300,000 shares at the price of KRW 1,000 per share for gross proceeds of KRW 300,000,000 on November 15, 2019. The transaction included participation from new investor Inscobee., Inc. (KOSE:A006490) which acquired 15.7% stake. The total number of outstanding shares of the company before the acquisition are 1,906,000. The transaction has been approved by the board of director of the investor.
Inscobee, formerly Contents And Pepole, Logistics Energy company,.LTD, is a Korea-based company mainly engaged in the wristwatch, automobile and smart grid businesses. The Company mainly operates in five business divisions: wristwatch division provides wristwatch products, including sports watches and watches for gifts under the brand names Odin and Dolphin; automobile division engages in the marketing of used cars; digital division provides computers and peripherals; smart grid division engages in the provision of automatic meter infrastructure (AMI) systems, and distribution division engages in the distribution of beverages under the brand name Tipco. The Company distributes its products within domestic market and to overseas markets.
INSCOBEE., INC. 
