Chemilens Vietnam LLC announced that it expects to receive KRW 6.84 billion in funding from Samyung Trading Co., Ltd.
October 17, 2015
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Chemilens Vietnam LLC announced a private placement of common shares for gross proceeds of KRW 6,841,134,000 on October 18, 2015. The transaction will include participation from Samyung Trading Co., Ltd to hold 22.5% stake in the company. The company expects to close the transaction on January 16, 2016.
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. 
