YOUNYI B&T Inc. announced that it expects to receive KRW 9.99999838 billion in funding
YOUNYI B&T Inc. announced a private placement of 2,638,522 at a price of KRW 3,790 per share for gross proceeds of KRW 9,999,998,380 on June 29, 2021. The transaction will include participation from new investor, Albi Partner Co., Ltd. through third-party allotment. The transaction has been approved by the board of directors of the company. The payment date of the transaction is July 30, 2021. The shares to be issued are subject to a hold period of one year.