Tentech Inc., Attracts a New Investment of 3Billion KRW from Investment Films

Tentech Inc., the aesthetic medical equipment company, has attracted a new investment worth 3Billion KRW (approximately $2.2million USD) from one of Korean investment . In the process of attracting this investment, Tentech Inc has been valued at up to $100 billion KRW (approximately $73million USD). This investment attraction is a positive is signal for Tentech Inc. as it pushes to list on the KOSDAQ.

According to the investment bank(IB) industry on Wednesday, Tentech Inc. has held board of directors meeting on last Tuesday, on October 10, 2023 and has decided to issue 589,277 shares. The par value per a share was measured as 5,091 KRW (approximately 3.76 USD) with a total value of 3Billion KRW (approximately $2.2million USD). That is, the company value was presented at up to about $100 billion KRW (approximately $73million USD).

Tentech Inc.'s company value has increased, aiming for KRW 100 billion (approximately 3.76 USD). This is approximately 20% higher than it was when Tentech Inc. received an investment from HB Investment half a year ago. At that time, the par value per a share had been measured at 4,367 KRW (approximately 3.22 USD) and the company value had been presented at 81.6 billion KEW (approximately $60million USD). In this round, BNH Investment and Mobirix Partners. Co. were financial investor (FI).

Otherwise, Tentech Inc. is the aesthetic medical equipment company that treat innovative devices: '10THERMA,' monopolar RF device (400W output and 6.78MHz) for collagen regeneration in the dermis in a non-invasive way, ‘10THERA,' an HIFU (High Intensity Focused Ultrasound) treatment device with double-lines, and '10PL,' an IPL(intense pulsed light) device with reduced burn risk using fractional technology and so on.

“Dermatologists and plastic surgeons in the hospital or clinic are main targets of aesthetic medical devices, we expect the fourth quarter is peak season for Tentech Inc. due to the high demands for ‘cost processing’” An official from one of investment films mentioned “Because 10THERMA and 10THERA has powerful lifting effects with just one treatment, leading to high patient satisfactions and reference that 10THERMA and 10THERA has powerful lifting effects with just one treatment, we believe it is worthwhile investment.”