Jiangsu Junhui Optoelectronic Technology Limited announced that it expects to receive KRW 53.05 billion in funding from Great Rich Technologies Limited
Jiangsu Junhui Optoelectronic Technology Limited announced that it will receive KRW 53,049,500,000 from existing investor, Great Rich Technologies Limited (KOSDAQ:A900290) on November 23, 2016. The investor will continue to hold 100% stake in the company. The transaction was approved by the board of directors of the company. The transaction will take place in tranches by December 31, 2016.