Nexpo Energy Co., Ltd. announced that it expects to receive KRW 389.1105 million in funding from E1 Corporation
Nexpo Energy Co., Ltd. announced that it will issue 778,221 common shares at a price of KRW 500 per share for gross proceeds of KRW 389,110,500 in a round of funding on November 15, 2019. The transaction will include participation from returning investor E1 Corporation (KOSE:A017940), who will retain 100% stake in the company. The transaction was approved by board of directors of the company