Tianjin Pyung Hwa Auto Parts Co., Ltd. announced that it expects to receive KRW 9.8696 billion in funding from Pyung Hwa Industrial Co., Ltd., Pyunghwa Carbon Master Batch Co., Ltd.
May 27, 2020
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Tianjin Pyung Hwa Auto Parts Co., Ltd. announced that it will receive KRW 9,969,600,000 in funding from existing investors Pyung Hwa Industrial Co., Ltd. (KOSE:A090080) and Pyunghwa Carbon Master Batch Co., Ltd. on May 28, 2020. The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 19, 2020.
Pyung Hwa Industrial Co., Ltd. is a Korea-based company principally engaged in the manufacture and distribution of automobile parts. The Company mainly produces hose products, which are used for automobile cooling systems, gasoline fuel systems, steering systems, brake systems and air conditioner systems. It also provides other automobile parts and special vehicle parts. The Company distributes its products within domestic market and to overseas markets. On May 1, 2014, it acquired the entire share capital of Pyung Hwa Anti-Vibration System Co Ltd, a Daejeon-based manufacturer of anti-vibration systems used in automobiles.
Tianjin Pyung Hwa Auto Parts Co., Ltd. announced that it expects to receive KRW 9.8696 billion in funding from Pyung Hwa Industrial Co., Ltd., Pyunghwa Carbon Master Batch Co., Ltd.
PYUNG HWA INDUSTRIAL CO., LTD. 
