Hydrogen Power. Co., Ltd. announced that it will raise KRW 28,002,970,000 in funding from existing investor and largest shareholder, Sambo Industrial Co., Ltd. on October 23, 2012. The investor presently holds 11.9% stake in the company. On completion of the transaction, the investor will have 69.17% stake in the company. The company had total assets of KRW 45,741,000,000, total liabilities of KRW 54,467,000,000, negative total stockholders' equity of KRW 8,726,000,000, total revenues of KRW 60,205,000,000, and net loss of KRW 2,207,000,000 in 2011.

On January 9, 2013, the company announced that it will issue 75,588,435 shares at KRW 500 per share by third party allotment for gross proceeds of KRW 37,794,217,500. The transaction is expected to close on January 10, 2013. 50% of the new shares being issued will be locked up by Korea Securities Depository for a year.

On January 10, 2013, Hydrogen Power. Co., Ltd. closed the transaction. Sambo Industrial Co., Ltd. subscribed to 56,005,940 shares and Cimax Commuications Co., Ltd. subscribed to 19,582,495 shares. The shares will be locked up for a year for 50% of those subscribed.