Yujin Robot Co., Ltd. announced that it expects to receive KRW 52.02 billion in funding from Imanto AG and other investors
December 05, 2017
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Yujin Robot Co., Ltd. (KOSDAQ:A056080) announced a private placement of 13,777,097 common shares at a price of KRW 3,776 per share for gross proceeds of KRW 52,022,318,272 on December 6, 2017. The transaction will involve participation from existing investor Imanto AG for 2,200,000 shares and new investor Siman Limited Company for 11,577,097 shares. The common shares will be issued by a way of third party allotment. The common shares will be issued at a premium. The shares to be issued in the transaction will be subject to a lock-up period of 1 year from the date of closing. The transaction is expected to close on December 22, 2017. Post the closing of the transaction, the number of shares to be issued by the company will increase from 23,333,996 to 37,111,093. The transaction has been approved by the board of directors of the company.
YujinRobot. Co., Ltd is a Korea-based company engaged in the manufacture of robots. The Companyâs products include iClebo robots, which are cleaning robots; iRobi robots, which are network-based service robots used in education, telecommunication, entertainment and security areas; Kobuki robots, which are mobile bases for open- source research and development purposes; Robhaz robots, which are remote control robots used in military and civilian areas, such as explosives removing, danger zones searching and scouting, survivor searching, patrolling, dangerous object detecting and removing; Transbot robots, which are entertainment robots, and industrial robots. It also distributes stuffed toys, plastic toys, functional toys and others. It also involves in the real estate renal business. The Company distributes its products within domestic market and to overseas markets.
YUJIN ROBOT CO., LTD. 
