Powernet Decides on Third-Party Allocation Paid-in Capital Increase Worth 4.1 Billion Won
[Asia Economy Reporter Minji Lee] Powernet announced on the 10th that it will conduct a paid-in capital increase worth 4.15 billion KRW through a third-party allotment.
As a result of this decision, 1.25 million common shares will be issued. The scheduled issue price per new share is 3,320 KRW, and the expected listing date of the new shares is the 3rd of next month.
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A company official stated, "We decided on the paid-in capital increase to invest in facilities and secure development personnel for expanding the telecommunications sector."
This content was produced with the assistance of AI translation services.
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