Korean Air Rights Offering First Issue Price Set at 14,600 Won Per Share
[Asia Economy Reporter Park Soyeon]Korean Air announced on the 3rd that the initial issue price per common share to be issued through a paid-in capital increase has been set at 14,600 KRW.
This is based on the record date for new shares allocation (June 8), and Korean Air explained that the final issue price will be determined as the lower value between the initial issue price and the secondary issue price, which will be set based on the existing shareholders' subscription date (July 9).
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Earlier, as part of its self-rescue plan, Korean Air decided to proceed with a paid-in capital increase worth 1 trillion KRW, prioritizing allocation to existing shareholders followed by a general public offering of any unsubscribed shares. The final issue price will be confirmed on July 6, and the new shares are scheduled to be listed on July 29.
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