According to the bank's website, the "transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to the won equivalent of $4,000,000, with an initial investment of up to W2,936,198,018, equivalent of $2,500,000, in E Green Global Co. Ltd. (EGG) in the Republic of Korea (ROK) to initially expand its operations in the People's Republic of China (PRC) (conducted through its operating PRC subsidiary, E Green Global [China] Co. Ltd.), to be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility. The balance of the approved equity amount may be invested in subsequent fundraising rounds that EGG is expected to undertake".
Contact details not provided at the time of disclosure.
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