Hwajin Co., Ltd. announced that it has received KRW 3.9 billion in funding from Samra Midas Group
April 19, 2020
Share
Hwajin Co., Ltd. (KOSDAQ:A134780) announced a private placement of common shares for a gross proceeds of KRW 3,900,000,000 on April 20, 2020. The transaction included participation from Samra Midas Group. The shares are issued through a third party allotment method. The company paid a acquisition fees of KRW 390,000,000. The transaction has been approved by the board of directors of the company.
SM Hwajin Co Ltd, formerly HWAJIN Co., Ltd., is a Korea-based company mainly engaged in the manufacture and sale of automobile interior components. The Company's products portfolio consists of wood grain products used for steeling wheels, rear switches, plate consoles, knob outers, keyboards, rear cases and others, and ion plasma evaporation (IPE) products used as painting and molding products for insert damper knobs, stop and start buttons, indicator cover switch body, wheel decoration rings, bezel covers and others. It also involves in the wholesale of automobile printings through its subsidiary. The Company' s main clients are Hyundai, KIA Motors, Ssangyong Motor, Nissan, Honda, LG Electronics and others. The Company distributes its products within domestic market and to overseas markets.
HWAJIN CO LTD 
