[Alpha Biz= Reporter Kim Sangjin] Despite a significant bullish factor for real estate stocks with the recent interest rate cuts, Hanwha REITs has seen a sharp decline of about 11% over the past month.
According to the Korea Exchange on the 21st, Hanwha REITs dropped by 10.61% from the 23rd of last month to today. This decline follows the announcement of a capital increase of 473 billion won, marking the largest in the history of listed REITs.
The primary concern is the high capital increase rate. With the existing number of shares at 70.6 million, the new shares will total 109 million. The subscription for existing shareholders is set to take place on November 11-12, with general subscription for any unallocated shares occurring on November 14-15.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
