InkTec Co., Ltd. announced that it expects to receive KRW 12 billion in funding
March 11, 2021
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InkTec Co., Ltd. (KOSDAQ:A049550) announced a private placement of 2,400,000 shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 12,000,000,000 on March 12, 2021. The company is raising funding through third party allotment method. The securities to be issued in the transaction are subject to a hold period of one year. The transaction is expected to close on April 1, 2021. The transaction has been approved by the board of directors.
INKTEC CO., LTD. is a Korea-based company that specializes in the manufacture of ink products. The Company mainly operates in three divisions: image printing, printed electronics and printing system. Its image printing division produces refill inks used in office automation printers, bulk inks used in inkjet printers, electronic inks, as well as commercial inks used in large format printers (LFPs), including refill type and cartridge type. Its printed electronics division produces inks and coatings, paste inks, reflective films, conductive silver inks and others. Its printing system division produces ultraviolet inkjet printer under the brand name JETRIX. It also involves in the provision of media papers, toners, inkjets and others, as well as leasing business. The Company distributes its products within domestic market and to overseas markets.
INKTEC CO., LTD. 