Jooyontech Co., Ltd. announced that it expects to receive KRW 999.99927 million in funding
March 25, 2020
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Jooyon Tech Co., Ltd. (KOSE:A044380) announced a private placement of 2,469,134 shares at a price of KRW 405 per share for the gross proceeds of KRW 999,999,270 on March 26, 2020. The transaction included participation from individual investor Jeongjun Lee for 740,740 shares, Dunau Corporation for 740,740 shares and Corporation Islamic Development for 987,654 shares. The company will issue common shares through third party allotment method and carry a par value of KRW 100 each. The shares has a lock-up period of one year. The transaction has been approved by the board of directors. The expected payment date is May 7, 2020.
JOOYONTECH CO., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of personal computers (PCs) and computer peripheral products. The Companyâs products portfolio consists of PC desktops, liquid emitting diode (LED) monitors for PC use, and computer peripheral products, such as mouse, keyboards, speakers and others under the brand name JOOYONTECH Computer. In addition, the Company is involved in the distribution of its PC products through local agents, service centers and other distributors, such as Internet shopping malls, television and home shopping channels, discount stores and others. The Company distributes its products within domestic market and to overseas markets.
JOOYONTECH CO., LTD 
