Hylium Industries, Inc. announced that it expects to receive KRW 999.93426 million in funding from INZI Controls Co.,Ltd.
April 27, 2021
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Hylium Industries, Inc. announced that it will issue 8,346 common shares at a price of KRW 119,810 for gross proceeds of KRW 999,934,260 on April 28, 2021. The transaction will involve participation from INZI Controls Co.,Ltd. (KOSE:A023800). The investor will acquire 3.44% stake in the company in the transaction. The transaction is expected to close on April 30, 2021.
INZI CONTROLS CO.,LTD. is a Korea-based company engaged in the manufacturing of automobile parts. The Company's products consist of engine parts, including cooling parts, engineered plastic parts, fuel delivery parts, manifold parts and sensors; transmission parts, including thermal elements and temperature sensors; chassis parts, including braking parts, solenoid products and air cleaner assemblies, and antenna products, including glass antenna modules, micro antennas, film antennas and others. Through its subsidiaries, it also involves in the production of electronic parts, such as thin film transistor liquid crystal display (TFT-LCD) parts and chassis parts used for televisions (TVs), monitors and others. The Company distributes its products within domestic market and to overseas markets. On February 1, 2014, it merged with its wholly owned subsidiary, KOHMECA CO.LTD, engaged in the manufacture of automobile parts and industrial raw material control equipment.
INZI CONTROLS CO.,LTD. 
