Jaan's Rights Offering General Subscription Competition Rate 597 to 1... "Positive Evaluation of Biohealth New Business"
[Asia Economy Reporter Hyunseok Yoo] Jaahn announced on the 23rd that it recorded an approximately 597 to 1 subscription competition rate in the general public offering subscription for a 5.1 billion KRW paid-in capital increase conducted over two days from the 17th to the 18th.
A Jaahn official stated, "The success of this paid-in capital increase reflects the positive evaluation by general investors of the company's ongoing biohealth new business," adding, "Jaahn will pursue vertical integration of the bio new business not only through premium masks but also by establishing a bio-life science research institute, developing and distributing health functional foods, and building an online and mobile biohealth platform."
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Meanwhile, to promote its global biohealthcare new business, Jaahn conducted a shareholder allocation paid-in capital increase and recorded a subscription rate of 85.16% in the subscription conducted for existing shareholders on the 14th and 15th. The listing date of the new shares issued through this paid-in capital increase is scheduled for January 7, 2021.
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