Metalabs Co., Ltd. announced that it has received KRW 1.72168087 billion in funding
July 07, 2016
Share
Metalabs Co., Ltd. (KOSE:A090370) announced a private placement of 615,986 common shares at a price of KRW 2,795 for gross proceeds of KRW 1,721,680,870 on July 8, 2016. The transaction included participation from Kim Dong Keun. The company raised funding through third party allotment method. The face value of the shares issued is KRW 500 per share. The transaction has been approved by the board of directors of the company. The shares issued in the transaction will have a hold period of one year.
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. 
