Soribada Decides on Third-Party Allocation Paid-in Capital Increase Worth 10 Billion Won
[Asia Economy Reporter Eunmo Koo] Soribada announced on the 8th that it has decided to conduct a third-party allotment paid-in capital increase worth a total of 10 billion KRW to raise operating funds (5 billion KRW) and funds for acquiring other corporate securities (5 billion KRW). The third-party allotment recipient is the prospective largest shareholder, Crown Invest Association. The company stated, “The recipient was selected considering the investor’s payment capability and investment intention to achieve management objectives such as improving the financial structure and to enable prompt fundraising.” The new shares are scheduled to be listed on the 21st of next month.
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