Paru Co., Ltd announced that it expects to receive KRW 1.99999953 billion in funding from Zivon Cosmetic Co., Ltd.
August 09, 2019
Share
Paru Co., Ltd (KOSDAQ:A043200) announced a private placement of 1,089,918 shares at a price of KRW 1,835 per share for gross proceeds of KRW 1,999,999,530 on August 9, 2019. The transaction will include participation from new investor, Zivon Cosmetic Co., Ltd. The shares have a face value of KRW 500. The company issued the shares using third-party capital allocation. The shares are issued at a premium of 10%. The payment date is August 30, 2019. The shares are subject to a hold period of one year. The transaction has been approved by the board of directors of the company.
PARU Co., Ltd is a Korea-based company engaged in the solar business, biotechnology environment business, light emitting diode (LED) lighting business and living environment business. Its solar business engages in the manufacture of solar trackers. Its biotechnology environment business engages in the manufacture of automated temperature and humidity control systems, unmanned power interruption prevention systems, sprayers, sterilizers, agricultural transporters, pest prevention devices and others. Its LED lighting business manufactures LED lightings. Its living environment business provides natural sterilizing deodorant, moisturizing hand sanitizers, facial scrub cleansers and body washers.
PARU CO., LTD 
