VINATech Co., Ltd. announced that it has received KRW 2 billion in funding from L&S Venture Capital Corp.
October 07, 2014 at 12:00 am EDT
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VINATech Co., Ltd. announced a private placement of 307,692 redeemable convertible preferred shares at KRW 6,500 per share for gross proceeds of KRW 1,999,998,000 on July 31, 2014. The face value of the shares is KRW 500 each and the shares are being issued at a premium of 55.3%. The company will issue the shares via third party allotment. The company will issue the shares to L&S New Growth Engine R&BD Private Equity Fund, a fund managed by L&S Venture Capital Corp. The payment date for the transaction is expected on August 25, 2014. The scheduled delivery date for the new shares is expected on October 8, 2014. The transaction was approved by the board of directors on the same date.
On August 22, 2014, the company amended the terms of the transaction. The payment date is now expected on September 25, 2014.
On August 25, 2014, the company amended the terms of the transaction. The payment date is now expected on October 7, 2014. The scheduled delivery date for the new shares is expected on October 17, 2014.
On October 7, 2014, VINATech Co., Ltd. closed the transaction.
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.
VINA TECH CO.,LTD. 
