Paru Co., Ltd announced that it expects to receive KRW 3.20000008 billion in funding from Zivon Cosmetic Co., Ltd.
July 29, 2021
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Paru Co., Ltd announced a private placement of 3,018,868 shares at a price of KRW 1,060 per share for gross proceeds of KRW 3,200,000,080 on July 29, 2021. The transaction will include participation from returning 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 September 30, 2021. 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 
