ChemE Co., Ltd. announced that it expects to receive KRW 1.5 billion in funding from DNF Co.,Ltd.
December 19, 2016
Share
ChemE Co., Ltd. announced a private placement of 250,000 common shares at a price of KRW 6,000 per share for gross proceeds of KRW 1,500,000,000 on December 19, 2016. The transaction will include participation from new investor DNF Co.,Ltd. (KOSDAQ:A092070) for 21.48% stake. The transaction is expected to close on December 21, 2016. The shares will be issued by third party allocation. The transaction has been approved by the board of directors of the company.
DNF Co.,Ltd. is a Korea-based company engaged in the development, manufacture and marketing of chemical products used for semiconductor industry. The Company mainly produces amorphous carbon layer (ACL) products, which are used as hard mask film materials; atomic layer chemical vapor deposition (AL CVD) products, which are used for dynamic random-access memories (DRAMs) and flash memories; titanium nitride (TiN) products, which are used as diffusion barrier materials; superoxidase dismutase (SOD) products, and others, such as high-k precursors, silicon precursors and others. The Company also provides coating materials for automobiles, construction materials and others. In addition, it involves in the real estate rental business. The Company distributes its products within domestic market and to overseas markets, including China, Japan and Taiwan.
DNF CO.,LTD. 
