Pealink Decides on 2 Billion KRW Capital Increase Targeting GemVax
[Asia Economy Reporter Yoo Hyun-seok] Peelingk announced on the 5th that it has decided on a third-party allotment paid-in capital increase worth 2 billion KRW. The allottee is Gemvax & Kael. The issue price of the new shares is 1,348 KRW, and the payment date is the 13th.
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The company explained, "We hold a monetary loan debt of 2 billion KRW from our affiliate Gemvax & Kael, and as the bond maturity date has arrived, we decided to convert the entire debt into equity," adding, "The purpose is to achieve management objectives such as improving the financial structure through the debt-to-equity conversion."
This content was produced with the assistance of AI translation services.
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