Metacare Co., Ltd announced that it has received KRW 12.99999168 billion in funding from Metalabs Co., Ltd.
November 25, 2021
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Metacare Co., Ltd announced a private placement of 694,444 common shares at a price of KRW 18,720 per share for gross proceeds of KRW 12,999,991,680 on November 25, 2021. The transaction included participation from returning investor Metalabs Co., Ltd. to retain its 100% stake holding in the company through third-party allotment. The transaction has been approved by the board of directors of the company.
METALABS CO., LTD., formerly AVISTA INC., is a Korea-based company mainly engaged in the casual apparel business. The Company produces and sells casual apparel and accessories under the brand of BNX, which is feminine and romantic character for women in their twenties; TANKUS, which is casual apparel with detailed design and dynamic color and fabrics; eryn brinie, which is soft and simple character casual apparel, and Kai-aakmann, which is feminine and masculine look character for men and women in their twenties. In addition, it is engaged in the overseas wholesale and retail of products through its affiliates in Shanghai, New York and Milano.
METALABS CO., LTD. 