WS Co., Ltd. announced that it expects to receive funding from Wave Electronics Co., Ltd. and other investors.
January 20, 2014 at 09:30 am IST
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WS Co., Ltd. announced that it will receive a round of funding on January 20, 2014. The company will issue equity shares in the transaction. The transaction will include participation from existing investor, Wave Electronics Co., Ltd. Wave Electronics Co., Ltd. will invest for 12,400 shares at KRW 250,000 per share for gross proceeds of KRW 3,100,000,000 in the transaction.
The investor, currently holds 19,600 shares in the company which represents 41.6% stake in the company. Upon completion of the transaction, the investor will hold 32,000 shares in the company which will represent 39.3% stake in the company. On the same date, the transaction was approved by the board of directors of Wave Electronics Co., Ltd. The scheduled acquisition date of the shares is January 22, 2014.
Wave Electronics Co., Ltd. is a Korea-based company engaged in the manufacture of wireless and wired communication equipment. The Companyâs products consist of amplifiers for base stations, such as digital predistortion amplifiers, analog amplifiers and radio frequency (RF) transceiver units; repeater amplifiers, including code division multiple access (CDMA) products, wideband CDMA (WCDAM) products, worldwide interoperability for microwave access (WIMAX) products and digital multimedia broadcasting (DMB) products, and radio frequency (RF) transceiver units, such as radio remote head (RRH) products, which are used for WIAX, CDMA, WCDMA and long term evolution (LTE). On June 12, 2013, the Company merged with its wholly owned subsidiary, engaged in the research and production of repeater parts.
WAVE ELECTRONICS CO., LTD. 
