Myungsung TNS Withdraws Decision on 2.2 Million Shares Paid-in Capital Increase
[Asia Economy Reporter Ji Yeon-jin] Myungseong TNS announced on the 3rd that it has withdrawn its decision to conduct a paid-in capital increase of 2.2 million common shares (approximately 20.5 billion KRW) for operating funds and debt repayment funds.
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The company explained, "Due to the occurrence of reasons subject to the substantive review of listing eligibility, we judged that it is difficult to proceed with the paid-in capital increase, and therefore, we have inevitably decided to withdraw this capital increase."
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