RS Automation Co.,Ltd. announced that it expects to receive KRW 2.052 billion in funding
November 28, 2021
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RS Automation Co.,Ltd. announced a private placement of 200,000 shares at an issue price of KRW 10,260 per share for gross proceeds of KRW 2,052,000,000 on November 29, 2021. The transaction will include participation from LS ELECTRIC. The company is raising funding through third party allocation increase method. The payment date is December 6, 2021. All securities issued in the transaction have a hold period of one year. The transaction has been approved by the board of directors.
RS Automation Co., Ltd. is a Korea-based company Principally engaged in the manufacture and distribution of automation equipment. The Companyâs products include motion controller, drive, inverter, programmable logic controller (PLC), touch panel, Power Conditioning System (PCS) and Uninterruptible Power Supply (UPS). The Company also provides customer training and application consulting services, system engineering and project management support services, repair and maintenance support services for older products, installation, commissioning and application technical support services. The Company distributes its products within domestic market and to overseas markets.