Jeil GMB Co., Ltd. announced that it has received KRW 3 billion in funding from Namsun Aluminum Co. Ltd.
April 25, 2012 at 05:00 am
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Jeil GMB Co., Ltd. announced a private placement with new investor, of 300,000 shares at KRW 10,000 per share for gross proceeds of KRW 3,000,000,000 on April 25, 2012. The investor will hold a 30% stake in the company after the transaction. The company had total assets of KRW 224,292,636,030 in the year 2011-12.
On April 25, 2012, Jeil GMB Co., Ltd. closed the tranaction.
Namsun Aluminum Co., Ltd. is a Korea-based company mainly engaged in the manufacture of aluminum products. The Company operates its business through two divisions: aluminum division and automobile division. Its aluminum division engages in the manufacture of aluminum windows and doors, including balcony double windows, balcony single windows, folding doors and partition doors; curtain walls, including stick type, semi unit type and unit type, as well as industrial fabrics. Its automobile division produces bumpers and others used for automobiles. It also provides polyvinyl chloride (PVC) windows. The Company distributes its products within domestic market and to overseas markets, including America, Japan, Russia, Canada, The Republic of Uganda and others.
NAMSUN ALUMINUM CO., LTD. 
