Woori Technology, Inc. announced that it expects to receive KRW 11.2 billion in funding
May 27, 2019
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Woori Technology, Inc. (KOSDAQ:A032820) announced private placement of 8th weapon Myeong-sik coupon unsecured private convertible debenture for gross proceeds of KRW 11,200,000,000 on May 27, 2019. The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 29, 2019.
Woori Technology Inc. is a Korea-based company engaged in the design and manufacture of nuclear instrumentation and control systems. The Company operates in two business divisions: system division, which designs and produces nuclear control systems, such as plant monitoring systems (PMSs), plant annunciator systems (PASs), seismic monitoring systems (SMSs), loose part monitoring systems (LPMSs) and distributed control systems (DCSs), used in nuclear power plants, as well as new business division, which involves in the trading of multi personal computer (PC) system and mineral resources such as anthracite coals, steam coals and others, as well as provision of childâs crying reason analysis systems. It also involves in the leasing of non-residential buildings.
WOORI TECHNOLOGY, INC. 
