Y2 Solution USA Inc. announced that it expects to receive KRW 3.5277 billion in funding from Y2 Solution CO.,LTD
September 27, 2021
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Y2 Solution USA Inc. announced that it will issue 300,000 common shares at an issue price of KRW 11,759 per share for gross proceeds of KRW 3,527,700,000 on September 28, 2021. The transaction include participation from returning investor Y2 Solution CO.,LTD. The transaction is expected to close on September 30, 2021. The transaction was approved by the board of directors of the company.
Y2 Solution Co Ltd, formerly Yuyang D&U Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of power supply equipment. The Company operates its business through four segments. The Switching Mode Power Supply (SMPS) segment engages in the manufacture and sale of SMPSs for liquid crystal display (LCD), light emitting diode (LED), smart, organic light emitting diode (OLED), and ultra high definition television (UHD TV). The LED segment provides LED lighting products. The Chemical Wholesale segment operates a distribution business that mainly imports petrochemical intermediate raw materials and solvent cleaners from China and Japan, supplies them to demanding enterprises. The Other Business segment is engaged in the development of new biopharmaceuticals, and others.
Y2 SOLUTION CO., LTD 
