Ssangbangwool Decides on 65.7 Billion KRW Paid-in Capital Increase
[Asia Economy Reporter Kim Heung-soon] Ssangbangwool announced on the 11th that it has decided to conduct a paid-in capital increase worth approximately 65.7 billion KRW to secure operating funds and debt repayment funds. The method is a rights offering to existing shareholders followed by a general public offering for unsubscribed shares. The record date for new share allocation is set for the 30th, with 0.7176298849 shares allocated per one existing share. The subscription period for existing shareholders is scheduled for August 3-4, and the new shares are expected to be listed on August 21.
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