Hanchang Paper Co., Ltd. announced that it expects to receive KRW 5.000000214 billion in funding
April 02, 2012
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Hanchang Paper Co., Ltd. (KOSE:A009460) announced a private placement of 7,974,482 common shares at a price of KRW 627 per share for gross proceeds of KRW 5,000,000,214 through third-party allotment on April 2, 2012. The transaction has been approved by the board of directors of the company.
Hanchang Paper co., Ltd. is a Korea-based company principally engaged in the manufacture and distribution of white duplex boards. The Companyâs products consist of high quality deluxe art boards; duplex boards, including duplex boards with white backs, duplex boards with gray backs and uncoated duplex boards, as well as functional white paperboards including anion papers, yellow ocher papers and jade papers. Its duplex boards are mainly used for cosmetics, high-end clothing, medicine, stationery packaging boxes and others. Its functional white paperboards are mainly used for childrenâs goods, fruit boxes, confectionary boxes, calendars, book covers and others. The Company distributes the products within domestic market and to overseas markets.
HANCHANGPAPER CO., LTD 
