PYUNGHWA NOK DRIVE TRAIN CO.,LTD announced that it has received KRW 9 billion in funding from Pyung Hwa Holdings Co. Ltd.
November 29, 2012 at 12:00 am EST
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PYUNGHWA NOK DRIVE TRAIN CO.,LTD announced that it will raise KRW 9,000,000,000 in an equity round of funding on November 28, 2012. The company will issue 900,000 shares at KRW 10,000 per share. Existing investor Pyung Hwa Holdings Co. Ltd. will invest in the transaction. The company expects to close the transaction on November 29, 2012. After the completion of the transaction, the investor will hold 50% stake.
On November 29, 2012, PYUNGHWA NOK DRIVE TRAIN CO.,LTD closed the transaction.
Pyung Hwa Holdings Co., Ltd. is a Korea-based holding company mainly engaged in the management of its subsidiaries. The Company's subsidiaries consist of PYUNG HWA ANTI-VIBRATION SYSTEM CO., LTD., which is engaged in the manufacture of automobile components such as shockproof products; PYUNG HWA INDUSTRIAL CO., LTD, which is mainly engaged in manufacture of automobile components such as hoses; PYUNGHWA OIL SEAL IND.CO.,LTD, which is engaged in the manufacture of oil seals and o-rings products; PYUNG HWA KI GONG CO., LTD. which is engaged in the manufacture of automobile presses and other parts; PYUNG HWA CARBON MASTER BATCH Co., Ltd., which is engaged in the manufacture of compounded rubbers, and PyungHwa ENG. CO.,LTD., which is engaged in manufacture of molds, machines and others.
PYUNG HWA HOLDINGS CO., LTD. 
