AT Semicon Resolves Capital Impairment Through Free Capital Reduction... "Financial Structure Improvement Effect"

[Asia Economy Reporter Jang Hyowon] AT Semicon, a total solution company for semiconductor back-end processes, announced on the 19th that it will actively resolve capital erosion and improve its financial structure through a free capital reduction.

A company official stated, "With a capital erosion rate of 40.9% due to increased deficit, we decided on a free capital reduction to resolve the capital erosion," and added, "Based on the improved financial structure through the free capital reduction, we will work on improving performance by strengthening the competitiveness of existing businesses and entering new businesses."

On the 16th, AT Semicon decided on a free capital reduction by consolidating 10 common shares into 1 share. After the capital reduction, the total number of issued shares of AT Semicon will decrease from 142,615,812 shares to 14,261,581 shares. The capital will be reduced from 71.3 billion KRW to 7.1 billion KRW.

AT Semicon recently decided to acquire Leaders Technology Investment, a new technology investment specialized company, through a stock transfer agreement. The strategy is to secure competitiveness by creating synergy with the newly promoted bio business and establishing a mid- to long-term business strengthening strategy.

A company official said, "We are also promoting a new business in the defense drone sector in Saudi Arabia in partnership with ADI, a defense drone specialized company," and added, "Along with the existing semiconductor back-end process business, we will secure new growth engines for the company by promoting various new businesses."

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