Organic Tea Cosmetics Holdings Company Limited announced that it has received KRW 17.325 billion in funding from Jinzheng Investment Co. Pte. Ltd
On September 10, 2021, Organic Tea Cosmetics Holdings Company Limited closed the transaction. The transaction included participation from new investor Jinzheng Investment Co. Pte. Ltd for 20.04% stake. The company issued common shares at an issue price of KRW 1,155 per share at a premium of 58.37%. The common shares are subject to hold period of one year.