IL: Kymiring raised half a million euros through the share issue

The railway company undergoing corporate restructuring collected a total of 571,520 euros in additional financing from several different buyers.

Drone image of the Kymiring motor track.
Kymiring, which is in financial difficulties, built a motor track in Iitti where Finland’s first MotoGP race was supposed to be held in the summer of 2022. The race was canceled because the track was too unfinished.

Kymiring oy has received half a million euros in additional funding, reports Iltalehti.

The share issue was decided at an extraordinary general meeting in July. It was organized primarily for current shareholders, but other willing parties also had the opportunity to acquire shares in the railway company.

Rönnholm tells Iltalehti that there were several buyers and it was the same entities that participated in the financing in the spring. The money is used for the company’s normal operations

Kymiring is undergoing corporate restructuring.