CNPLUS Co., Ltd. announced that it expects to receive KRW 999.999841 million in funding
December 21, 2020
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CNPLUS Co., Ltd. (KOSDAQ:A115530) announced a private placement of 5,988,023 common shares at an issue price of KRW 167 per share for gross proceeds of KRW 999,999,841 on December 22, 2020. The transaction will include participation from Jeong, Sang-ok, chief executive officer of the company for 1,796,409 shares, Lee, Eung-seok,chief executive officer of the company for 598,802 shares, Lee, Eun-joo, chief executive officer of the company for 598,802 shares, Lee, Mi-kyung, chief executive officer of the company for 598,802 shares, Choi, Seung-hee, chief executive officer of the company for 598,802 shares, Jang, Jeong-in, chief executive officer of the company for 598,802 shares, Jeon, Won-gyu, chief executive officer of the company for 598,802 shares, and Park, Choong for 598,802 shares. The company will issue shares through third party allotment method. The transaction has been approved by board of directors of the company. The transaction is expected to close on December 29, 2020.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
