YG-1 Co., Ltd. announced that it expects to receive KRW 5.15 billion in funding from KBone Corporation, Chegim Tec Tool Co., Ltd., Dongshin Toolpia Co., Ltd., Hutechs Co., Ltd., Yg1 Italy Srl, FEY CHE TRADING CO., LTD.
December 18, 2017
Share
YG-1 Co., Ltd. (KOSDAQ:A019210) announced a private placement of 385,922 shares at a price of KRW 13,350 per share for gross proceeds of KRW 5,152,058,700 on December 19, 2017. The transaction will include participation from Yg1 Italy Srl for 83,100 shares for KRW 1,109,385,000, Chegim Tec Tool Co., Ltd., Dongshin Toolpia Co., Ltd. and Hutechs Co., Ltd. for 74,906 shares each and KRW 999,995,100 each and FEY CHE TRADING CO., LTD. for 40,651 shares for KRW 542,690,850. The shares will be issue at a premium and will be issue through third party allotment method. The shares will have a lock up period of one year. Post the closing of the transaction, the number of shares will increase from 28,571,792 to 28,957,714. The payment date is December 22, 2017. The transaction has been approved by the board of directors of the company.
YG-1 CO.,LTD is a Korea-based company engaged in the manufacture and distribution of cutting tools. The Companyâs products mainly consist of end mills, including high speed steel (HSS) types, tank-power types, normal carbide types, jet-power types and others; taps, including spiral flute taps, gun point taps, straight flute taps, hand taps, roll taps, pipe tips and nut taps, and drills, including carbide drills, HSS drills, carbide spade drills and spade drills. It also provides rotary burrs, cutters and accessories. The Company distributes its products within domestic market and to overseas markets.
YG-1 CO., LTD. 
