MONLAA Limited Liability Company announced that it expects to receive KRW 52.332 billion in funding from Kumyang Co., Ltd.
June 07, 2023
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MONLAA Limited Liability Company announced that it will issue 6,680 common shares at an issue price of KRW 7,834,131.736526 per share for the gross proceeds of KRW 52,332,000,000 on June 8, 2023. The transaction will include participation from new investor Kumyang Co., Ltd. Kumyang Co., Ltd. will hold 40.05% stake in MONLAA Limited Liability Company. The transaction has been approved by the board of directors of the company.
The transaction is expected to close on July 17, 2023.
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. 
