Tianjin Daesung Electronics Co.,Ltd. announced that it expects to receive KRW 11.46 billion in funding from Daesung Eltec Co., Ltd.
July 23, 2012 at 05:00 am
Tianjin Daesung Electronics Co.,Ltd. announced that it will raise KRW 11,460,000,000 in funding from existing investor and parent Daesung Eltec Co., Ltd. on July 23, 2012. The company will issue 10,000,000 shares at KRW 1,146 per share in the transaction. The investor will retain 100% stake on completion of the transaction. The scheduled acquisition date is March 31, 2013. The company generated total revenues of KRW 8,468,000,000, had total assets of KRW 19,717,000,000, total liabilities of KRW 16,844,000,000, total stockholders' equity of KRW 2,873,000,000, and suffered net loss of KRW 2,938,000,000 in 2011.