Virtualtek Corp announced that it expects to receive KRW 1.999998525 billion in funding from Widwin Holdings Co., Ltd., and another investor
April 01, 2020
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Virtualtek Corp (KOSDAQ:A036620) announced a private placement of 3,738,315 common shares at a price of KRW 535 per share for gross proceeds of KRW 1,999,998,525 on April 1, 2020. The transaction will include participation from existing investors Hosun Kim for 1,869,158 shares and Widwin Holdings Co., Ltd. for 1,869,157 shares. The shares have a face value of KRW 500 per share. The shares issued are subject to restriction period of one year. The transaction has been approved by board of directors of the company. The transaction is expected to close on May 15, 2020.
Gamsung Corporation Co Ltd, formerly VirtualTek Corp, is a Korea-based company mainly engaged in the sale of mobile phone peripherals. The Company is engaged in the business of manufacturing, importing and distributing mobile phone auxiliary batteries, chargers, and smartphone accessory products. In addition, the Company operates business in the production and manufacturing of clothing and sports goods, management of intellectual property rights such as brands and trademarks, as well as license business.