GigaLane Co., Ltd. announced that it expects to receive KRW 9.86 billion in funding
August 11, 2017
Share
GigaLane Co., Ltd. (KOSDAQ:A049080) announced a private placement of 1,402,154 shares at a price of KRW 7,035 per share for the gross proceeds of KRW 9,864,153,390 with Jaehong Jeon on August 11, 2017. The shares are issued have a face value of KRW 500 per share. The shares will be allotted through third party allotment method. The transaction is expected to close on August 14, 2017. The shares issued will have a lock in period of one year. The transaction has been approved by the board of directors of the company.
GIGALANE Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of radio frequency (RF) communication components and semiconductor equipment. The Company operates its business through three divisions: RF communication component division, semiconductor equipment division and other business division. Its RF communication component division engages in the manufacture of RF cable assemblies and RF connectors used for smart devices under the brand names of SCMP, SCMJ and others. Its semiconductor equipment division provides light-emitting diode (LED) and deep reactive ion etching (DRIE) etcher parts used for semiconductors. Its other business division provides inspection components, including probe cards and probe units. The Company distributes its products within domestic market and to overseas markets.
GIGALANE CO.,LTD. 
