KPX Industry Co., Ltd. announced that it had received KRW 38 billion in funding from KPX Holdings Co.,Ltd.
November 17, 2014 at 04:00 am
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KPX Industry Co., Ltd. announced a private placement of 3,800,000 shares at KRW 10,000 per share for gross proceeds of KRW 38,000,000,000 with existing investor, KPX Holdings Co.,Ltd. on November 14, 2014. The investor will hold 100% stake of the company on closing of the transaction. The scheduled investment date November 17, 2014. The transaction has been approved by the board of directors of the investor. The company reported total revenues of KRW 6,000,000,000, total stockholder's equity of KRW 6,000,000,000, and capital of KRW 3,000,000,000 for the year ended December 31, 2013.
On November 17, 2014, KPX Industry Co., Ltd. closed the transaction.
KPX HOLDINGS CO., LTD. is a Korea-based company holding company engaged in the management of its subsidiaries. The Company's main subsidiaries consist of KPX CHEMICAL Co.,Ltd, engaged in the manufacture of polypropylene glycol, urethane products and electronic materials; KPX GREEN CHEMICAL CO.,LTD, mainly engaged in the provision of ethoxylates (EOA) used as surfactants; KPX Life Science Co., Ltd., engaged in the manufacture and distribution of active pharmaceutical ingredients (API) and pharmaceutical intermediates (PI), as well as KPX DEVELOPMENT CO., LTD, engaged in the management and leasing of KPX buildings and others, among others.