Vivian Records Subscription Competition Rate of 1325.49 to 1 for Rights Offering

[Asia Economy Reporter Minji Lee] Vivian successfully completed a rights offering with a general public subscription, raising 42.965 billion KRW through a paid-in capital increase.

According to Vivian on the 23rd, the general public subscription for the rights offering held from the 21st to 22nd recorded a competition rate of 1,325.49 to 1. This subscription was conducted for 120,720 remaining shares that occurred after the existing shareholders' subscription held on the 16th to 17th. The remaining shares refer to the leftover shares resulting from shareholders losing their rights to subscribe to new paid-in shares.

The total number of shares subscribed in the general public offering was 144,911,800 shares, with 144,011,800 shares subscribed by the general public alone. Additionally, 900,000 shares were subscribed by high-risk high-return investment trusts. In the prior subscription for existing shareholders, out of the 13 million shares planned for issuance, 12,879,280 shares were subscribed, showing a subscription rate of 99.07%.

With this paid-in capital increase, Vivian secured 42.965 billion KRW in funds, which will be allocated for facility and operating expenses as well as debt repayment. The listing date for the new shares is scheduled for the 12th of next month.

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