Vinatech Vina CO., Ltd. announced that it expects to receive $1 million in funding from VINATech Co., Ltd.
March 12, 2020
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Vinatech Vina CO., Ltd. announced that it will issue common shares for gross proceeds of $1,000,000 on March 13, 2020. The transaction will involve participation from VINATech Co., Ltd. (XKON:A126340). The investor will continue to retain its 100% stake in the company. The transaction is expected to close on March 31, 2020.
VINATECH CO.,LTD is a Korea-based company mainly engaged in the production and sale of super capacitors. Super capacitors include electric double layer capacitors (EDLCs), as well as pseudo electric double layer capacitors (P-EDLCs). In addition, the Company is involved in the manufacturing and sale of membrane electrode assemblies (MEAs), deodorants, lithium lon capacitors (LICs). The Company distributes its products within the domestic market and to overseas markets, including America, China, Japan, Europe, and India.