Kolon BASF innoPOM, Inc. announced that it has received KRW 49.0688 billion in funding from Kolon Plastics, Inc.

On October 25, 2016, Kolon BASF innoPOM, Inc. closed the transaction. The company announced that it has issued 440,000 shares at a price of KRW 55,760 per share for gross proceeds of KRW 24,534,400,000 in its second tranche closing.