Pusan Cast Iron Co., Ltd. announced that it has received KRW 4 billion in funding from Megastudy Co. Ltd., Blacknumbers Investment Management Co., Ltd.
July 24, 2017
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On July 25, 2017, Pusan Cast Iron Co., Ltd. (KOSE:A005030) closed the transaction.
On October 25, 2017, the company has decreased the conversion price from KRW 1,817 to KRW 1,404 and number of shares has been increased from 2,201,430 to 2,849,002.
On October 31, 2017, the company has decreased the conversion price from KRW 1,404 to KRW 1,389 and number of shares has been increased from 2,849,002 to 2,879,769.
On January 25, 2018, the company has decreased the conversion price from KRW 1,389 to KRW 1,272 and number of shares has been increased from 2,879,769 to 3,144,654.
PUSAN CAST IRON CO., LTD. is a Korea-based company mainly engaged in the manufacturing of automobile components. The Companyâs main products consist of crank shafts, normal form (NF) carriers, knuckles, housings, differential cases, differential carriers, forks, brake carriers, rear carriers, brackets, hubs, truck drums, brake bridges, brake spiders, caliper discs, hub wheels, brake frames, bearing caps, caliper brakes and other automobile components. In addition, the Company provides engine materials and scrap irons. The Companyâs products are mainly used as parts for automobile brakes, engines and power transfer units. It distributes its products within domestic market and to overseas markets.
Pusan Cast Iron Co., Ltd. announced that it has received KRW 4 billion in funding from Megastudy Co. Ltd., Blacknumbers Investment Management Co., Ltd.
PUSAN CAST IRON CO., LTD. 
