MONLAA Limited Liability Company announced that it has received KRW 16.118399999 billion in funding from Kumyang Co., Ltd.
November 12, 2023
Share
On November 13, 2023, MONLAA Limited Liability Company closed the transaction. The company amended the terms of the transaction. The transaction included participation from returning investor, Kumyang Co., Ltd. for post-investment stake of 60%.
The company issued 1,539,822 common shares at an issue price of KRW 10,467.7034090 for gross proceeds of KRW 16,118,400,000.
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. 
