Ferrum Infra Co., Ltd. announced that it has received KRW 3.4 billion in funding from Ajustel Co., Ltd., Hanbaek Steel Co.,Ltd., Ker Heung Industrial Co,. Ltd., and Kumkang Kind Co., Ltd.
April 24, 2014 at 05:00 am
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Ferrum Infra Co., Ltd. announced a private placement of 618,181 preferred shares of face value KRW 5,000 each at KRW 5,500 per share for gross proceeds of KRW 3,399,995,500 on April 24, 2014. The round included participation from existing investor Ker Heung Industrial Co,. Ltd. and Hanbaek Steel Co.,Ltd. and other investors Ajustel Co., Ltd. and Kumkang Kind Co., Ltd., who subscribed to 72,727 shares, 181,818 shares, 181,818 shares, and 181,818 shares respectively. The transaction was approved by the board of directors of the company. The payment date of the transaction was April 24, 2014.
On April 24, 2014, Ferrum Infra Co., Ltd. closed the transaction.
AjuSteel Co Ltd is a Korea-based company principally engaged in the manufacture and sale of color steel sheets for video home appliances. The Company's main products includes color steel sheets for home appliances; color steel sheets for household appliances including refrigerators and washing machines; high corrosion-resistance steel sheets for solar structures and greenhouses for farms; colored steel sheets for interior and exterior walls of buildings; battery cell covers for electric and hybrid vehicles; molded products in commercial automotive container bins, among others. The Company sells its products within domestic and foreign markets.
Ferrum Infra Co., Ltd. announced that it has received KRW 3.4 billion in funding from Ajustel Co., Ltd., Hanbaek Steel Co.,Ltd., Ker Heung Industrial Co,. Ltd., and Kumkang Kind Co., Ltd.
AJUSTEEL CO.,LTD 
