Seojin System Co.,Ltd announced that it has received KRW 188 billion in funding from Sunflower 2022 Holdings Co., Ltd., Multi Asset Global Investments Co., Ltd. and other investors
February 03, 2022
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On February 4, 2022, Seojin System Co.,Ltd closed the transaction. The company announced that it has issued series 10 bonds for gross proceeds of KRW 110,000,000,000 and series 11 bonds for gross proceeds of KRW 60,000,000,000 for aggregate gross proceeds of KRW 170,000,000,000 in its second tranche.
SEOJIN SYSTEM CO.,LTD is a Korea-based company principally engaged in the manufacturing, distribution and installation of communication equipment parts. Along with its subsidiaries, the Company operates its business through three segments. The Communication Equipment segment provides cabinets for remote radio heads (RRHs) and small repeaters, base station equipment, such as digital units (DUs) and others. The Cellular Phone segment produces mobile frames, metal cases for smart phone packing. The Semiconductor Equipment segment offers equipment front end modules (EFEMs) for semiconductor etching and coating machines, actuating devices and structures. The Company also provides light emitting diode (LED) cases, industrial and family use energy storage system parts, automobile parts and other product accessories, as well as real estate leasing services.
Seojin System Co.,Ltd announced that it has received KRW 188 billion in funding from Sunflower 2022 Holdings Co., Ltd., Multi Asset Global Investments Co., Ltd. and other investors