Willings Co., Ltd. announced that it expects to receive KRW 9.99998895 billion in funding
November 04, 2021
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Willings Co., Ltd. announced a private placement of 391,389 common shares at a price of KRW 25,550 per share for gross proceeds of KRW 9,999,988,950 on November 4, 2021. The transaction will include participation from Peach Finance Investment Association 2. The company will issue the securities through third party allotment. The shares carry a par value of KRW 500 per share. The securities to be issued in the transaction are subject to a hold period of one year. The company expects to close the transaction on December 21, 2021. The transaction was approved by the board of directors of the company.
Carry Co Ltd, formerly Willings Co Ltd, is a Korea-based company mainly engaged in new and renewable energy business. The Company operates its business through two segments. The Renewable Energy segment manufactures and sells photovoltaic power generation systems and energy storage system (ESS), and also conducts EPC projects that provide engineering, procurement, and construction services. The Power Solution segment manufactures and sells power conversion devices including heating inverters, power conversion devices for ship water treatment, instantaneous temperature control devices for direct water purifiers, battery packs for communication, and electric vehicle chargers.