[Public Notice+] ToBeSoft Changes Major Shareholder through Paid-in Capital Increase... Establishes Stable Growth Structure

[Asia Economy Reporter Hyunseok Yoo] ToBeSoft has welcomed a new largest shareholder through a paid-in capital increase, laying the groundwork for sustainable growth in its IT and bio businesses.

On the 10th, ToBeSoft announced that the payment for the third-party allotment paid-in capital increase worth 8 billion KRW, targeted at AnyFan BTS, has been completed. After the payment, AnyFan BTS acquired 5,101,900 shares and became the largest shareholder of ToBeSoft. The shareholding ratio is 16.04%.

AnyFan BTS is a special purpose company (SPC) established by AnyFan, a domestic data technology (DT) company based on blockchain, to participate in the capital increase. AnyFan possesses blockchain mainnet construction technology and core technologies of the 4th Industrial Revolution, including blockchain-based factory automation (FA), Internet of Things (IoT), artificial intelligence (AI), and machine vision.

A ToBeSoft official stated, “By securing financial soundness through fundraising and stabilizing the management control structure, we have established a foundation for stable growth this year,” adding, “We plan to expand our UI (User Interface) and UX (User Experience) platform business and accelerate research and development of new antiviral drugs.” He also said, “We will proceed with collaboration related to blockchain application technology with the largest shareholder AnyFan.”

Meanwhile, ToBeSoft announced on the 17th of last month that, to strengthen financial soundness, it will issue additional convertible bonds (CB) worth 10 billion KRW following this paid-in capital increase, using 7 billion KRW as a reserve for repayment of previously issued convertible bonds and 3 billion KRW for operating funds. The payment date is May 18.

This content was produced with the assistance of AI translation services.