Kakao and Kakao Mobility to Raise 56.5 Billion KRW Through Paid-in Capital Increase
[Asia Economy Reporter Lee Seon-ae] Kakao announced on the 1st that its subsidiary Kakao Mobility has decided to conduct a third-party allotment paid-in capital increase targeting Google International LLC. to raise 56.5 billion KRW in operating funds.
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Through this capital increase, 970,848 common shares will be newly issued, which corresponds to 1.7% of the pre-increase issued shares (56,590,257 shares). The issue price per new share is 58,205 KRW, and the payment date is April 22.
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