Seoyon Top Metal Mexico S.A. de C.V. announced that it will receive $22,500,000 in its equity round of funding on December 31, 2015. The transaction will include participation from returning investors Seoyon Topmetal Co., Ltd. (KOSDAQ:A019770) which will invest $18,000,000 and Top Plastic (HK) Company Limited which will invest $4,500,000. Seoyon Topmetal Co., Ltd. and Top Plastic (HK) Company Limited will hold 80% and 20% stake respectively after the transaction.

The transaction was approved at the 9th session of the 3rd directorate of Shanghai Yongli Belting CO.,LTD. does not require its shareholders' approval.