Kyungbang Vietnam Co., Ltd. cancelled the transaction announced on December 16, 2013
December 30, 2015
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Kyungbang Vietnam Co., Ltd. announced that it will receive KRW 20,000,000,000 in a round of funding from existing investor, Kyungbang Ltd. on December 16, 2013. The company will issue equity securities in the transaction. The investor will continue to hold 100% stake in the company. The investor will invest in multiple tranches. The transaction is expected to close on December 31, 2015. The company reported total assets of KRW 4,062,000,000, total liabilities of KRW 206,000,000, total stockholder's equity of KRW 3,856,000,000, capital of KRW 5,117,000,000, and net loss of KRW 131,000,000 for the year 2012.
On December 31, 2015, Kyungbang Vietnam Co., Ltd. cancelled the transaction.
Kyungbang Ltd is a Korea-based company principally engaged in the manufacture and distribution of fabric products. The Company operates its business through three segments. The Complex Shopping Mall Business segment mainly operates times square, hotels, and department stores. The Textile Business segment manufactures and sells products such as yarn, cloth, and apparel. The Other Business segment provides real estate consulting services. The Company sells its products in domestic and overseas markets such as Asia and the Americas.
KYUNGBANGCO.LTD 
