Chemilens Vietnam JSC announced that it has received KRW 7.26 billion in funding from Samyung Trading Co., Ltd.
July 26, 2016
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On July 27, 2016, Chemilens Vietnam JSC closed the transaction. The company amended the terms of the transaction and received gross proceeds of KRW 7,259,476,716 in the transaction. The company changed its name from Chemilens Vietnam LLC. Post the closing, the investor holds a stake of 25.25% in the company.
Samyung Trading Co., Ltd. is a Korea-based company principally engaged in the distribution of chemical and related products. The Company operates its business through three segments: chemical segment which provides organic and inorganic chemical products such as paints, paint thinners, inks, glues, binders and photo gravure printing chemicals, synthetic leather, urethane and other synthetic resins, medical compositions, chemical reagents, metal detergents and solvents; lens segment which mainly produces and distributes ophthalmic lens and other segment which manufactures and distributes crystal oscillator bases along with its subsidiary Sammyung Precision(Jiaxing) Co.,Ltd., and distributes automobile interior and exterior parts including radiator grilles, emblems, moldings and other lettering works.
SAMYUNG TRADING CO., LTD. 
