BGFecomaterials CO., LTD. announced that it expects to receive KRW 39.4733601 billion in funding from BGF Co., Ltd.
August 03, 2023
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BGFecomaterials CO., LTD. announced a private placement of 8,870,418 common shares at a price of KRW 4,450 per share for proceeds of KRW 39,473,360,100 on August 3, 2023. The company will receive common stock funding through paid-in capital increase allocation method. The transaction will include participation from returning investor BGF Co., Ltd. The transaction has been approved by the board of directors.
BGF Co Ltd, formerly BGF Retail Co Ltd, is a Korea-based holding company mainly engaged in the investment business. The Company operates its business through four segments. The Investment Business segmentâs main revenues are brand usage revenue from users of the BGF brand, management support service revenue through business services, and dividend revenue and rental revenue received from subsidiaries. The Golf Course Business segment engages in the operation of golf courses. The Advertisement and Delivery Business segment engages in digital signage advertisement business, business messaging business, mobile gift certificate business and cash receipt business, and provides convenience store delivery service. The Other Business segment engages in online food sales business, worker dispatch and commissioned operation business, eco-friendly product manufacturing and processing sales business, and other plastic product manufacturing business.
BGF CO., LTD. 
