WiSoL CO.,LTD. announced that it expects to receive KRW 21.9673911 billion in funding from Daeduck GDS Co.,Ltd.
May 18, 2017
Share
WiSoL CO.,LTD. (KOSDAQ:A122990) announced a private placement of 1,557,971 common shares at a price of KRW 14,100 per share for the gross proceeds of KRW 21,967,391,100 on May 19, 2017. The transaction will include participation from Daeduck GDS Co.,Ltd for 1,557,971 shares. The shares are issued a par. The shares have a face value of KRW 500 per share. Post the closing the number of shares will increase from 21,329,892 to 22,887,863. All the securities are issued by way of third party allotment. The transaction is expected to close on July 10, 2017. The shares issued have a lock up period of one year from the date of issuance. The transaction has been approved by the board of directors of the company.
WiSoL Co Ltd is a Korea-based company engaged in the manufacture and sale of electronic parts. The Company principally manufactures radio frequency (RF) solution products used in cellular phones. The Company provides surface acoustic wave (SAW) filters, duplexers, wafer chips, as well as module products, among others. It also provides RF modules used for smart televisions (TVs). The Company provides its products under the brand name of Wisol. The Company distributes its products within domestic market and to overseas markets.
WISOL CO.,LTD. 
