[Public Notice+] Seha Completes Rights Offering Subscription by Existing Shareholders... "Subscription Rate 69.5%"

[Asia Economy Reporter Yoo Hyun-seok] Seha, a company specializing in white cardboard, announced on the 27th that it has completed the rights offering subscription for existing shareholders.

Seha conducted the rights offering subscription for existing shareholders over two days, from the 23rd to the 24th, achieving a subscription rate of 69.5%. A total of 19.45 million shares were subscribed out of 28 million shares offered, including the employee stock ownership association. The final price confirmed on the 20th was 1,275 KRW.

Seha plans to use the funds raised through this rights offering to repay short-term borrowings, expecting to improve its financial structure by reducing the debt ratio and lowering interest expenses.

Meanwhile, the general public subscription for forfeited shares will be available through the lead underwriter, KB Securities, over two days from the 28th to the 29th. The refund for the rights offering and payment date is on the 31st, and the listing of the new shares is scheduled for the 14th of next month.

This content was produced with the assistance of AI translation services.