Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) jonghyuk Kim Journalist = TOBESOFT，listed in KOSDAQ, regularizes China market advance, Chinese investment company completing the payment for paid- in capital increase.

Platform development company TOBESOFT (CEO Guangwen, Park) said on 20 that Chinese investment company TW HOLDINGS, which is the target of paid-in capital increase to the third party allotment, completed the payment for 2 billion won investment (cost of capital increase) on last 19.

The officer of TOBESOFT said, “This payment for paid-in capital increase was suppose to be joined by a personal investor 'Wang gang' who is known as a founder member of Alibaba, however, to put the wheels moving in china business he has founded a new corporation 'TW HOLDINGS' and invested” and added, “through this invest, it comes to secure business partner in china not only for the Platform business, its existing core business, but also for the O2O business and fin-tech business which will be carried forward later.”

TOBESOFT plans to use this investment to strengthen UI/UX Platform business, its existing core business and to promote the O2O business and fin-tech business in the future. The company especially emphasized it has plans to expend the Platform business market has carried in Japan and America to China.

TOBESOFT CEO Guangwen, Park said “Wanggang's decision for invest shows it is recognized by Chinese partner that our technology fits the first company of domestic Platform business market share” and “we expect the partnership with TW Hoindings will take a core roll in china market advance as well in supplying fund necessary for business.”

NSP News Agency/NSP TV jonghyuk Kim Journalist, awake12@nspna.com
Copyright ⓒ Korea's economic news agency NSP NEWS·NSP TV. All rights reserved-Redistribution Prohibited.