Gameprix Corporation announced that it has received KRW 600 million in funding from System and Application Technology Co., Ltd.
April 17, 2012 at 09:30 am IST
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Gameprix Corporation announced that it has raised KRW 600 million in a round of funding from existing investor System and Application Technology Co., Ltd. on April 17, 2012. The company issued a registered coupon convertible bond with maturity date of April 17, 2015. The bond is convertible till April 16, 2015.
On April 17, 2012, Gameprix Corporation closed the transaction.
System and Application Technologies Co., Ltd. is a Korea-based company mainly engaged in the provision of industrial automation solutions together with its subsidiaries. The Company provides automation software and hardware, engineering services, software upgrade and maintenance services, system management services and consulting services. In addition, it produces control devices for communication equipment, such as code division multiple access (CDMA) repeaters, global system for mobile communication (GSM) repeaters, wideband CDMA (WCDMA) repeaters, wireless broadband (WiBro) repeaters, as well as phase noise detectors (PNDs), CDMA modules and others. It also involves in the building management and leasing business. On August 30, 2013, it acquired a 100% stake of Korea Traffic System Co., Ltd., a manufacturer of road meters.
SYSTEM AND APPLICATION TECHNOLOGIES CO., LTD 
