JOYCITY Corporation announced that it expects to receive KRW 20.00003772 billion in funding from NDream Co.,Ltd., Korea Investment Partners Co. Ltd. and another investor
October 18, 2020
Share
JOYCITY Corporation (KOSDAQ:A067000) announced a private placement of 1,039,503 common shares at a price of KRW 19,240 per share for gross proceeds of KRW 20,000,037,720 on October 19, 2020. The shares have a par value of KRW 500 per share. The company will issue the securities on third party allotment basis. The transaction will include participation from returning investor NDream Co.,Ltd. for 831,601 shares, Korea Investment Partners Co. Ltd. for 103,951 shares and Teles No. 1 Association for 103,951 shares. The company will issue the shares at a discount rate of 10% to the base price. The payment date for the shares to be issued in the transaction in October 28, 2020. The shares to be issued in the transaction are subject to a hold period of one year. The transaction was approved by the board of directors of the company.
JoyCity Corporation is a Korea-based company mainly engaged in the development, publishing and marketing of online game products and mobile games. The Companyâs products consist of Freestyle Manager, a three-dimensional (3D) online basketball game; Heroes in the Sky, an online flying action role playing game (RPG); Rush Online, a 3D action massively multiplayer online role-playing game (MMORPG); Rocketroll, a casual 3D game; Netspear, a 3D mechanic first-person shooter (FPS) game, and Garbins Family, an arcade game, among others. The Company also provides Web portal services through www.joycity.com. The Company distributes its products within domestic market and to overseas markets. On June 17, 2013, it changed its name to JoyCity Corporation from JCEntertainment Corp.
JOYCITY Corporation announced that it expects to receive KRW 20.00003772 billion in funding from NDream Co.,Ltd., Korea Investment Partners Co. Ltd. and another investor
JOYCITY CORPORATION 
