SUSTIO SDN. BHD. announced that it expects to receive KRW 87.4152 billion in funding from Simmtech Holdings Co., Ltd.
July 28, 2021
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SUSTIO SDN. BHD. announced that it will issue 321,632,000 shares for gross proceeds of KRW 87,415,200,000 on July 29, 2021. The transaction will include participation from Simmtech Holdings Co., Ltd. The transaction is expected to close on October 15, 2021. The transaction was approved by the board of directors of the company.
SIMMTECH HOLDINGS Co., Ltd., formerly SIMMTECH Co., Ltd., is a Korea-based company engaged in the manufacture of printed circuit boards (PCBs). The Companyâs products mainly consist of main boards and package substrates. Its main boards include memory module PCBs, which are used for desktop personal computers (PCs), notebook PCs, servers and others; mobile phone boards, which are used for mobile phones, mobile Internet devices, navigations and others; solid state drive (SSD) module PCBs, and other multilayer PCBs, among others. Its package substrates are used for integrating semiconductor chips. It also produces build-up PCBs for telecommunication terminal devices, repeaters and Internet devices, as well as burn-in boards (BIBs) used for burn-in tests.
SIMMTECH HOLDINGS CO., LTD. 
