Samchully Energy Solution. Co., Ltd announced that it expects to receive KRW 30 billion in funding from Samchully Co.,Ltd
June 13, 2018
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Samchully ES Co., Ltd. announced that it will issue 6,000,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 30,000,000 with returning investor, Samchully Co.,Ltd (KOSE:A004690) on June 14, 2018. On closing, the investor will retain its 100% stake in the company. The transaction is expected to close on June 22, 2018.
Samchully Co., Ltd. is a Korea-based company engaged in the provision of city gas. Along with its subsidiaries, the Company operates five business segments: city gas segment, which mainly supplies liquefied natural gas (LNG) to residential and commercial customers in Gyeonggi-do and Incheon-si; group energy business segment, which supplies heating and electricity; plant segment, which involves in the gas and heating pipelines, and cooling and heating construction business; resource development segment, which mainly sells oil and gas, and other business segment, which involves in the water projects, new and renewable energy business, asset management, catering business and others.
SAMCHULLY CO.,LTD 
