Metalabs Co., Ltd. announced that it expects to receive KRW 4.4650551 billion in funding
April 25, 2018
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Metalabs Co., Ltd. (KOSE:A090370) announced a private placement of 1,353,047 common shares of par value KRW 500 at KRW 3,300 per share for gross proceeds of KRW 4,465,055,100 on April 26, 2018. The transaction will include participation from Shin Sanghoon for 1,171,040 shares and Lee Chanki for 182,007 shares. The transaction is expected to close by May 25, 2018. The transaction has been approved by the board of directors of the company. 767,527 shares are subject to a lock-up period of 1 year, 351,312 shares of two years, and 234,208 of 3 years.
METALABS CO., LTD., formerly AVISTA INC., is a Korea-based company mainly engaged in the casual apparel business. The Company produces and sells casual apparel and accessories under the brand of BNX, which is feminine and romantic character for women in their twenties; TANKUS, which is casual apparel with detailed design and dynamic color and fabrics; eryn brinie, which is soft and simple character casual apparel, and Kai-aakmann, which is feminine and masculine look character for men and women in their twenties. In addition, it is engaged in the overseas wholesale and retail of products through its affiliates in Shanghai, New York and Milano.
METALABS CO., LTD. 
