Dongjin Display Materials Co., Ltd. announced that it has received KRW 20 billion in funding from Dongjin Semichem Co., Ltd.
October 18, 2012 at 05:00 am
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Dongjin Display Materials Co., Ltd. announced that it has issued 4,000,000 shares at KRW 5,000 per share to returning investor, Dongjin Semichem Co., Ltd. for gross proceeds of KRW 20,000,000,000 on October 18, 2012. The investor still holds 100% stake in the company. The scheduled investment date is October 18, 2012. The transaction was approved at the investor's board of directors meeting. The company had total assets of KRW 85,914,000,000, sales revenue of KRW 4,745,000,000, total stockholders' equity of KRW 11,665,000,000, and net loss of KRW 5,516,000,000 in 2011.
On October 18, 2012, Dongjin Display Materials Co., Ltd. closed the transaction.
Dongjin Semichem Co., Ltd. is a Korea-based company engaged in the provision of electronic materials and foaming agents. Its electronic materials include photo resists, bottom anti-reflective coatings (BARCs), top coating materials (TCMs), chemical mechanical planarization (CMP) slurries, etchants, thinners, strippers and others used for semiconductors and flat panel displays. Its foaming agents include azodicarbonamide (ADCA) series, oxybis benzene sulfonyl hydrazide (OBSH) series, toluenesulfonylhydrazide (TSH) series, microsphere (MS) series, dinitroso pentamethylene tetramine (DPT) series and others, which are used for automobile bumpers, interior materials, packing materials, life vests, shoes, floor decoration materials and others. It also engages in the refined oil business. On July 31, 2014, it merged with its wholly owned subsidiary, engaged in the manufacturing and sales of compounds and chemical products.
DONGJIN SEMICHEM CO., LTD. 
