Skin&Skin Decides on Third-Party Allocation Paid-in Capital Increase Worth 8 Billion KRW
[Asia Economy Reporter Eunmo Koo] Skin&Skin announced on the 7th that it has decided to conduct a third-party allotment paid-in capital increase worth approximately 8 billion KRW to raise operating funds. The new shares to be issued through this paid-in capital increase are 26,845,637 common shares, with the payment date and the expected listing date of the new shares set for the 5th and 19th of next month, respectively.
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The third-party allotment recipients are Cheongju Passenger Terminal and Epeople, receiving 20,134,228 shares and 6,711,490 shares, respectively. The company stated, "The allotment recipients were selected considering the achievement of the company's management objectives, prompt fundraising, recommendations from the company's board of directors, and payment capabilities."
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