INSUN Environmental New Technology Co., Ltd. announced that it expects to receive KRW 10 billion in funding from Young Hung Industrial Environment Co., Ltd.
June 08, 2021
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INSUN Environmental New Technology Co., Ltd. (KOSDAQ:A060150) announced a private placement of 40,000 common shares for KRW 250,000 for gross proceeds of KRW 10,000,000,000 on June 8, 2021. The transaction will include participation from returning investor, Young Hung Industrial Environment Co., Ltd. The transaction is expected to be closed on June 18, 2021. The transaction is approved by the board of directors.
INSUN Environmental New Technology Co., Ltd. is a Korea-based company engaged in the environmental engineering business. The Company's principal activities include intermediate treatment of construction waste, reclamation and incineration of waste, the demolition of scaffoldings and structures, the production of recycled aggregates from construction waste; the distribution of diesel oil and gasoline, as well as vehicle disassembly and recycling. It also engages in the cold-mix recycled asphalt concrete production, incineration, asbestos waste management, new and renewable energy and landfilling businesses. On March 28, 2014, the Company completed the establishment of two wholly-owned subsidiaries namely Insung Industry Co., Ltd and INSUNMOTORS.
INSUN Environmental New Technology Co., Ltd. announced that it expects to receive KRW 10 billion in funding from Young Hung Industrial Environment Co., Ltd.
INSUN ENVIRONMENTAL NEW TECHNOLOGY CO., LTD. 
