Fluorine Korea Co., Ltd. announced that it expects to receive KRW 49.999991778 billion in funding from KNW Co., Ltd.
June 13, 2024
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Fluorine Korea Co., Ltd. announced that it will issue 2,949,678 common shares at an issue price of KRW 16,951 per share for the gross proceeds of KRW 49,999,991,778 on June 13, 2024. The transaction include the participation from returning investor KNW Co., Ltd., hold 100% stake in the company. The transaction has been approved by the board of directors of the company.
The transaction is expected to close on July 25, 2024. The company will issue common shares through Shareholders' Allotment Increase.
KNW Co., Ltd is a Korea-based company principally engaged in the manufacture of electronic component materials. The Company mainly operates in two divisions: electronic component material and automobile part. Its electronic component material division involves in the production of design oriented films (DOFs) used for printed electronics, blankets used as display color filter materials, protect films, photovoltaic (PV) back sheets used for solar energy modules, as well as liquid crystal diode (LCD) back light unit (BLU) coatings, among others. Its automobile part division involves in the provision of automobile interior materials. The Company distributes its products within domestic market and to overseas markets including Japan, Taiwan and others.
KNW CO., LTD. 
