KNC expands its asset by issuing CB. The
company states that the expanded asset will be used to secure the raw and
subsidiary materials to lower the unit price.
KNC is a manufacturing company that
manufactures industrial manufacturing facility and CKD of commercial vehicle.
In 2008, it earned the contract to supply the facilities in Chinese factory and
has been planning to expand its business in the global market from the
beginning stage of the business. Later, it earned supply contracts with Lizhong
Group & Zhongwang Group, China and other promising companies and has
established name-value in the overseas market especially in Asia. Also, it was
appointed as partner company of Hyundai Glovis in 2013 and has been spurring in
securing the competitive edge domestically.
On the other hand, the CB receiver, OHSUNG
INVESTMENT is a professional investment company that provide overall managerial
consulting to promising companies. OHSUNG INVESTMENT recently works with
Zhongshang Guoneng Group in farming machine sector and is showing interest in
the logistics business of KNC while receiving CB.
OHSUNG INVESTMENT says that "KNC CB
transfer is for investment purpose. We will use CKD production know-how of KNC
and logistics infrastructure when entering in to Chinese market when working for
farming machinery business with Zhongshang Guoneng Group.
sources: http://news.heraldcorp.com/view.php?ud=20180810000522
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