Incon Co., Ltd. announced that it has received KRW 5 billion in funding from Sangsangin Savings Bank, Investment Arm and other investors
June 25, 2020
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On June 26, 2020, Incon Co., Ltd. (KOSDAQ:A083640) closed the transaction. The company announced that the transaction included participation from Sangsangin Savings Bank, Investment Arm for KRW 2,000,000,000, Hinz Co., Ltd for KRW 2,000,000,000 and Grouse & Value Development Corporation for KRW 1,000,000,000. The bonds will be fully convertible at a fixed conversion price of KRW 962 per share. High Value Life Science No. 1 Investment Association will no longer participate in the transaction.
INCON Co., Ltd., formerly Win4Net Co., Ltd. is a Korea-based company specialized in the development and manufacture of digital video recorders (DVRs) used for security area. The Companyâs products consist of standalone DVRs, personal computer (PC)-based DVRs, analog cameras, color box cameras, indoor dome cameras, outdoor micro dome cameras, outdoor dome cameras and others. Its Internet protocol (IP) products include network video recorders (NVRs), video servers, hybrid DVRs, IP cameras and related software. It also provides storages. It distributes its products under the brand names of Netsafe, Trium, Poswatch, Clevo, Netsafe, Wintera and others. The Company distributes its products within domestic market and to overseas markets.
INCON CO.,LTD. 
