IEL Science Decides on New Facility Investment of 2.43 Billion KRW
[Asia Economy Reporter Hwang Junho] IL Science announced on the 25th that it has decided on a new facility investment worth 2.43 billion KRW. This corresponds to 11.57% of its equity capital. The investment period is from today until August 24, 2024. The company stated that the purpose of the investment is "to establish new production facilities and infrastructure to support the production of automotive lighting modules, including electric vehicle signal lamps and silicon lenses."
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