Halla OMS Environment Co., Ltd. announced that it has received KRW 8 billion in funding from Halla Corporation
Halla OMS Environment Co., Ltd. announced a private placement of 1,600,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 8,000,000,000 on December 20, 2018. The transaction included participation from the returning investor Halla Corporation (KOSE:A014790) to retain its 100% stake in the company. The company issued shares at par with 0.5 new shares will be allocated for every existing share held. The board of directors of the investor has approved the transaction.