AceTech Decides on 25 Billion KRW Capital Increase
[Asia Economy Reporter Eunmo Koo] Ace Tech announced on the 16th that it has decided to raise a total of 25 billion KRW through a third-party allotment paid-in capital increase to secure operating funds of approximately 13 billion KRW and debt repayment funds of 12 billion KRW. The third-party allotment recipient is NV Global Korea Mezzanine Private Equity Partnership, and the issue price of the new shares was set at 7,496 KRW, applying a 10% discount rate.
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