Yonwoo Korea has entered the Seoul Stock Exchange. The listing raised 60,623,136,000 won (€48.7m), which will be destined to support its long-term growth plans, as it seeks to enter new markets and make substantial investments in research and development.
Yonwoo listed on 2 November, under the symbol of '115960' on the Korea Securities Dealers Automated Quotations Stock Market. The company issued 2,405,680 shares through its initial public offering, at a share price of 25,200 won.
The capital injection will allow Yonwoo to strengthen its financial structure and advance its research and development. The latter will place an emphasis on cosmetic dispenser technology and next-generation convergence, especially beauty products integrating IT functionality.
In addition, it aims to move beyond the cosmetic industry, into the pharmaceutical and household goods markets, where it sees a real use for its products.
Meet the Updated Sustainable Paper Point Neck Airless
The new Paper Point Neck Airless Bottle from Yonwoo/PKG uses up to 44% less plastic compared to the existing model. The outer paper bottle replaces additional plastic, while giving the product an environmentally friendly look that appeals to the growing number of eco-conscious consumers.
Luxury beauty meets sustainability at Yonwoo/PKG’s LIVE 3D Booth
There’s no need to wait for industry events to start opening up again to see innovative new packaging solutions up close, the Webpackaging LIVE event is already taking place! Yonwo/PKG is the best in the business for luxury beauty packaging and their LIVE 3D booth is ready to visit now, any time of the day.
- Jo Webb
- Company News
- Created 27 Nov 2015
- Modified 27 Nov 2015
- Hits 1424