Motrex Well to Sea Investment No. 1 Co., Ltd. announced that it has received KRW 96.399994609 billion in funding from Motrex Co., Ltd
December 11, 2018
Share
Motrex Well to Sea Investment No. 1 Co., Ltd. announced a private placement of 482 common shares at a price of KRW 100,000,000 per share for gross proceeds of KRW 48,200,000,000 and 481 preferred shares at a price of KRW 100,207,889 each for gross proceeds of KRW 48,199,994,609 for total gross proceeds of KRW 96,399,994,609 on December 12, 2018. The share issue at par value of KRW 5,000 per share.The transaction included participation from returning investor Motrex Co., Ltd (KOSDAQ:A118990). The funding was raised through a third party allotment method. The transaction has been approved by the board of directors of the investor.
MOTREX.CO.,LTD is a Korea-based company principally engaged in the manufacturing and distribution of automation parts. The Companyâs products include audio visual navigation (AVN), audio video (AV), rear seat entertainment (RSE), around view monitor (AVM), head up display (HUD), application key, car telematics, driver health monitoring, automotive intelligent docking adaptor (AIDA) and dash camera. The Company distributes its products within domestic market and to overseas markets.
MOTREX CO., LTD 
