HDC Hyundai Development Company Decides on 400 Billion KRW Paid-in Capital Increase to Raise Acquisition Funds
[Asia Economy Reporter Han Jinju] HDC Hyundai Development Company announced on the 10th that it has decided to conduct a paid-in capital increase worth 407.5 billion KRW to raise funds for acquiring securities of other corporations. The number of shares to be issued is 21,969,110 common shares, and the planned issue price is 18,550 KRW per share. The method of capital increase is a rights offering to existing shareholders followed by a general public offering for any unsubscribed shares.
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