Philux Records Subscription Competition Rate of 159.65 to 1 for Rights Offering of Paid-in Capital Increase

[Asia Economy Reporter Jang Hyowon] Philux announced on the 19th that it has completed a paid-in capital increase worth 116.78 billion KRW with a subscription competition rate of 159.65 to 1 in a general public offering targeting forfeited shares on the 17th and 18th.

This general public offering by Philux was conducted for 3,469,093 forfeited shares arising after the existing shareholders' subscription held from the 12th to the 15th. In the preceding existing shareholders' subscription, a subscription rate of 90.35% was recorded.

It is analyzed that shareholders who participated in this paid-in capital increase actively subscribed, seeing the growth potential of Philux.

With the funds secured through the paid-in capital increase, Philux is expected to have greater flexibility in fund management. The listing date of the new shares is scheduled for April 1.

Han Woo-geun, CEO of Philux, said, “Despite difficult times, I thank all shareholders and investors who believed in Philux’s growth potential and supported the paid-in capital increase. Encouraged by your support, we will wisely overcome the COVID-19 crisis and lay the foundation for growth to repay shareholders with greater corporate value.”

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