POS-HiAL announced that it expects to receive KRW 3.05 billion in funding from Posco M-Tech Co., Ltd.
March 30, 2012 at 12:00 am EDT
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POS-HiAL announced that it expects to receive KRW 3,048,925,000 in funding on March 30, 2012. The company will issue 609,785 at KRW 5,000 per share. The board of directors has approved the transaction. Returning investor Posco M-Tech Co., Ltd. will subscribe for the shares in the transaction.
POSCO M-TECH CO.,LTD. is a Korea-based company mainly engaged in the provision of steel raw materials and packing materials. The Company operates its business through four divisions: steel raw materials division, packing business division, engineering business division and magnesium division. Its steel raw materials division provides aluminum ingots, pellets, mini-pellets, molybdenum briquette and ferro-molybdenum. Its packing business division provides packaging materials, packaging services and packing equipment. Its engineering division distributes packaging equipment, such as steel coil packaging lines, steel sheet dispensers, strap masters, outer-ring molders, steel automatic attaching facilities and others. Its magnesium division operates magnesium smelting factories. The Company also involves in the real estate rental business.
POSCO M-TECH CO., LTD. 
