[Public Notice+] Seha Completes 100% of Rights Offering... "Expecting Financial Structure Improvement"

[Asia Economy Reporter Hyunseok Yoo] Seha, a company specializing in white cardboard, has successfully raised a total of 35.7 billion KRW through a rights offering subscription.

Seha announced on the 30th that during the general public subscription for forfeited shares of the rights offering held from the 28th to 29th, 672.3 billion KRW was attracted against a subscription amount of 10.9 billion KRW, recording a competition rate of 62 to 1.

Earlier, in May, Seha decided on a rights offering with forfeited shares through a shareholder allocation method to repay short-term borrowings, and on the 20th of this month, finalized the issuance price at 1,275 KRW per share.

Seha’s recent provisional earnings disclosure showed that its operating profit for the first half of this year reached 12.5 billion KRW, more than double the 5.7 billion KRW recorded in the same period last year, demonstrating clear growth in performance. Furthermore, the funds raised through this offering will be used to repay 40 billion KRW borrowed from KB Securities, which is expected to improve the financial structure by reducing debt ratio and interest expenses.

Meanwhile, the scheduled listing date for Seha’s new shares is the 14th of next month.

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