Daishin Cactus Buyout Co., Ltd. announced that it expects to receive KRW 22.14 billion in funding from The LEADCORP, Inc.
December 10, 2019
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Daishin Cactus Buyout Co., Ltd. announced a private placement of 221,400 common shares at a price of KRW 100,000 each for gross proceeds of KRW 22,140,000,000 on December 10, 2019. The transaction will include participation from returning investor The LEADCORP, Inc. (KOSDAQ:A012700) to retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on February 28, 2020.
The LEADCORP, Inc. is a Korea-based company mainly engaged in the provision of petroleum products and consumer financial services. The Company operates its business under three segments: petroleum segment, service station segment and consumer financial service segment. Its petroleum segment involves in the oil dealing providing petroleum and related products through petrochemical products supply contract with S-OIL, and leasing of oil reservoirs. Its service station segment involves in the operation of high way resting places. Its consumer financial service segment involves in the provision of loan products through various media, phones, Internet and offices in domestic market. The Company also engages in the real estate rental business.
THE LEADCORP, INC. 
