HDPRO Co., Ltd. announced that it expects to receive KRW 10.000001088 billion in funding
July 12, 2018
Share
HDPRO Co., Ltd. (KOSDAQ:A214870) announced a private placement of 3,607,504 common shares at an issue price of KRW 2,772 for proceeds of KRW 10,000,001,088 on July 13, 2018. The transaction will involve participation from new investors JISHENG INVESTMENT LIMITED for 1,082,251 shares, TREASURE FUND Ltd for 1,082,251 shares, SINO WING INVESTMENT LIMITED for 721,501 shares, and GENTLE MASTER LIMITED for 721,501 shares. The expected payment date is October 31, 2018. The face value per share is KRW 500. The shares are subject to a lock up period of one year. The transaction was approved by the board of directors of the company.
NewGLab Pharma Co Ltd, formerly NewGLab Co Ltd, is a company mainly engaged in the manufacturing and sale of closed-circuit television (CCTV) cameras. The Company's product portfolio consists of general analog cameras that used for CCTVs, high definition (HD) analog cameras, HD-serial digital interface (SDI) cameras, extend (EX)-SDI cameras, internet protocol (IP) cameras that used for network CCTVs, digital video recorders (DVRs) that used for image storage devices, network video recorders (NVRs) and others. In addition, the Company is involved in the business of 5G smartphone distribution. The Company distributes its products within domestic market and to overseas markets.
NEWGLAB PHARMA CO.,LTD 
