HYUNDAI C-TECH, INC. announced that it expects to receive KRW 7.36746 billion in funding from HCT Co., Ltd
October 13, 2021
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HYUNDAI C-TECH, INC. announced a private placement of 6,200,000 common shares at a price of KRW 1,188.30 per share for gross proceeds of KRW 7,367,460,000 on October 14, 2021. The transaction will include participation from returning investor HCT Co., Ltd to retain its 100% stake in the company through shareholder allocation increase. The transaction has been approved by the board of directors of the company. The shares are being issued at par value. The payment date is on October 15, 2021.
HCT CO., LTD is a Korea-based company primarily engaged in providing testing and certificate service. The Company provides testing and certificate service for the manufacturing process in industrial areas of electrics, electronics, communication and semiconductor. It also provides calibration and repair service for measuring equipment.