NEXTCHIP Co., Ltd. announced that it expects to receive KRW 5.0002368 billion in funding from InterVest Co., Ltd.
March 03, 2020
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NEXTCHIP Co., Ltd. (KOSDAQ:A092600) announced a private placement of 811,200 preferred shares at KRW 6,164 per share for the gross proceeds of KRW 5,000,236,800 on March 4, 2020. The transaction will include participation from new investor InterVest 4th Industrial Revolution Fund II a fund managed by InterVest Co., Ltd. The transaction has been approved by board of directors. The company will raise the funding through third party allotment. The transaction is expected to close on March 6, 2020.
NC& Co., Ltd., formerly NEXTCHIP Co., Ltd., is a company mainly engaged in the manufacturing and sale of multimedia semiconductor products for video security systems. The Company's main products are image processing chips, which are used in closed circuit television (CCTV) cameras, digital video recorders (DVRs), mobile phones, network cameras, camcorders, set top boxes and others. It also provides touch sensor chips, which are used in laptops, personal computers (PCs), monitors, digital cameras, electronic rice-cookers, refrigerators and others. In addition, the Company provides camera components. The Company distributes its products within domestic market and to overseas markets, including China and Taiwan.
NC& CO.,LTD 
