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View of Geumyang Busan factory. (Kumyang) |
[Alpha Biz= Reporter Kim Jisun] Kumyang has decided to proceed with a capital increase of 450 billion KRW through a shareholders' rights offering. The funds raised will be utilized for facility investments and debt repayment.
According to the Financial Supervisory Service's electronic disclosure system on the 27th, Kumyang has resolved to conduct a capital increase of 450.2 billion KRW through a method that includes a public offering for any unsubscribed shares after the allocation to shareholders. Of the total funds raised, 350.2 billion KRW will be allocated for facility investments, and 100 billion KRW will be used for debt repayment. The planned issue price is set at 38,950 KRW per share, with the final price to be confirmed on November 27.
The record date for the new share allocation is set for next month, on the 22nd. Subscription for existing shareholders will take place from December 2 to December 3. Any unsubscribed shares will be offered to the public from December 5 to December 6. A total of 11.56 million new shares are expected to be listed on December 20. BNK Investment & Securities will serve as the lead underwriter for the offering.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
