Joong Ang Products Co. Ltd. announced that it expects to receive funding from IS DongSeo Co., Ltd.
September 22, 2014 at 12:00 am EDT
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Joong Ang Products Co. Ltd. announced that has signed an investment contract for an equity round of funding from existing investor, IS DongSeo Co., Ltd. on September 22, 2014. On closing, the investor will continue to hold its 100% stake in the company.
On November 24, 2014, the transaction received the court approval.
IS Dongseo Co Ltd is a Korea-based company principally engaged in the construction business. The Company operates its business through seven segments. Construction segment is engaged in the construction of apartments, villas, schools, museums, leisure facilities, residential-commercial complexes and others. Ceramic Industry segment manufactures and sells tiles, sanitary wares and bidets. Concrete segment is engaged in the manufacture of prestressed high-strength concrete (PHC) piles, concrete segments, general prestressed concretes, rail ties and others. Rental segment is engaged in the equipment leasing business. Environmental Business segment conducts construction waste collection, transportation and intermediate treatment, car demolition recycling business, as well as services. Marine Transportation segment engages in the marine transportation business. Other segment is engaged in the leasing business.
IS DONGSEO CO., LTD. 
