DPECO Co.,Ltd. announced that it expects to receive KRW 5.500075 billion in funding from Vision Semicon.,Ltd, You Shin Dan Yeol Co., Ltd.
February 21, 2022
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DPECO Co.,Ltd. announced a private placement of 785,725 shares at an issue price of KRW 7,000 per share for gross proceeds of KRW 5,500,075,000 on February 21, 2022. The transaction will include participation from Vision Semicon.,Ltd for 142,858 shares, You Shin Dan Yeol Co., Ltd. for 100,000 shares, Lee, Seul for 21,429 shares, Jung, Hyung-chan for 14,286 shares, Lee, Kyung-soo for 14,286 shares, Park, Young-wook for 4,286 shares, Kim, Hak-seong for 14,286 shares, Go, Seok-jong for 14,286 shares, Na, Yoon-ju for 20,000, Park, Ki-ram for 18,572 shares, Heo, Nam-kyung for 14,286 shares, Kim, Yu-mi for 14,286 shares, Song, Shin-geun for 77,143 shares, Hwang, Yi-hwan for 14,286 shares, Shin, Won-seok for 7,143 shares, Myung, Jae-ha for 11,429 shares, Park, Soo-saeng for 10,000 shares, Ahn, Jung-sook for 28,572 shares, Bae, Jong-ui for 7,143 shares, Choi, Geum-sik for 42,858 shares, Kim, Ok-ra for 10,000 shares, Jeong, Ra-kyung for 20,000 shares, Choi, Yong-tak for 2,858 shares, Kim, In-soo for 4,286 shares, Jung, Woo-shik for 4,286 shares and Choi, Won-il for 10,000 shares. The transaction is expected to close on March 2, 2021. The transaction was approved by the board of directors of the company. The company will receive funding through third party allocation.
DPECO CO.,LTD. is a Korea-based company engaged in the engineering services related to automotive and other manufacturing industries. The Company's services in the automotive development covers styling and modeling with model build, engineering design, component design, and so on. In the sector of manufacturing engineering, it offers services such as process engineering, drawing review for productivity and quality verification.