MONLAA Limited Liability Company announced that it expects to receive KRW 26.90069034 billion in funding from Kumyang Co., Ltd. and another investor.
November 02, 2023
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MONLAA Limited Liability Company announced a placement of 2,566,370 common shares at an issue price of KRW 10,482 per share for gross proceeds of KRW 26,900,690,340 on November 3, 2023. The transaction included participation from returning investors, Kumyang Co., Ltd. for KRW 16,140,414,204 and Khishigjargal Enkhsaikhan for KRW 10,760,276,136. The transaction has been approved by board of directors of the company.
The transaction is expected to close on November 30, 2023. The method of capital increase is through shareholder allotment.
KUM YANG CO., LTD. is a Korea-based company engaged in the manufacture and sale of chemicals and related products. The Company's product portfolio consists of chemical blowing agents, which are chemical additives used to evolve gas through thermal decomposition and produce foam structures in a polymeric matrix; capsulated blowing agents, which are used for polyvinyl chloride (PVC) sandals, artificial leather, screen printing, printing ink and other areas; master batches, which make processing circumstance clean without flowing powders and chemicals loss; titanium dioxides, which are used for coating industry, plastics and others, as well as flame retardant and other products. The Company distributes its products within domestic market and to overseas markets. On February 26, 2014, it acquired whole shares of KUMYANG NEIMENGGU CHEMICAL CO.,LTD, a China-based blowing agent manufacturing company. After that, the Company holds 100% of KUMYANG NEIMENGGU CHEMICAL CO.,LTD.
KUMYANG CO., LTD. 
