In the F Co.,Ltd. announced that it expects to receive KRW 16.4331 billion in funding from Sae-A Trading Co., Ltd.
November 10, 2021
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In the F Co.,Ltd announced a private placement of 11,780,000 common shares at a price of KRW 1,395 per share for gross proceeds of KRW 16,433,100,000 on November 10, 2021. The transaction will include participation from returning investor Sae-A Trading Co., Ltd. The securities to be issued in the transaction are subject to a hold period of one year. The company expects to close the transaction on November 18, 2021. The transaction was approved by the board of directors of the company.
In the F CO.,LTD. is a Korea-based company engaged in the manufacture of apparels. The Company provides casual clothing, suits, sportswear, coats, blouses, jackets and other various fashion products under the brand names of JOINUS,YETTS, MAYPOLE, TRUGEN, TATE, ysb and others for women and men. The Company distributes its products through agencies, department stores and outlets.