U-Tech Decides on Total Funding of 11 Billion KRW: "6 Billion KRW in CB, 5 Billion KRW in Capital Increase"
[Asia Economy Reporter Yoo Hyun-seok] U-Tech announced on the 22nd that it has decided to issue convertible bonds (CB) worth 6 billion KRW. The issuance targets are JS Value Partners with 3 billion KRW and Gliniz with 3 billion KRW. The purpose is for equipment purchase, operating funds, and raw material procurement.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Along with this, to raise operating funds, a third-party allotment paid-in capital increase worth 5 billion KRW was decided targeting CEO Lee Jeong-tae and Mr. Lee Seong-gil. If the funding is completed, the largest shareholder is expected to change from Mr. Shim Chun-taek and one other person to CEO Lee Jeong-tae.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
