Platinum Technology Investment Sells 6.6% Stake in Raon People via Block Deal

[Asia Economy Reporter Hyungsoo Park] Platinum Technology Investment has disposed of a portion of its shares in Raon People.

Raon People, an artificial intelligence (AI) machine vision specialist company, announced on the 17th that Platinum Technology Investment sold 6.6% of its shares through pre-market after-hours trading.

Platinum Technology Investment had invested in Raon People three times and held a total of 11.9% of the shares. The funds used for the investment were ▲Platinum START-UP Fund ▲KoFC-Platinum Youth Startup 3rd Investment Fund ▲Gyeonggi-KT-Eugene Superman Investment Association ▲Platinum-Promising Industry Fund, totaling four funds.

A representative of Platinum Technology Investment said, "Some of the funds are approaching their dissolution date, so we selected buyers who can contribute to increasing Raon People's value," adding, "Even after selling part of the shares, we will continue to maintain our status as a major shareholder."

Kim Jooyoung, Head of Management Support at Raon People, stated, "Platinum Technology Investment invested at the early stage of Raon People’s establishment and has grown together with the company," and introduced, "They know the company's value better than anyone and believe the company will continue to achieve high growth." He also said, "The partnership between Platinum Technology Investment and Raon People will continue."

Platinum Technology Investment sold Raon People shares to foreigners and institutional investors applying a 6% discount rate.

This content was produced with the assistance of AI translation services.