[This Week's Paid-in Capital Increase] Public Offering Schedule for the Third Week of July

[Asia Economy Reporter Hyunseok Yoo] In the third week of this month (July), Haesung Optics will conduct a rights offering subscription.

Haesung Optics will hold a subscription for existing shareholders from the 12th to the 13th. Following that, a general public subscription will take place from the 15th to the 16th.

The issue price per share is 705 KRW, raising a total of 28.2 billion KRW. The raised funds will be used for facilities, operations, and debt repayment. Specifically, 9.4 billion KRW will be allocated to operating funds for raw material purchases and accounts payable settlements. Additionally, 15.6 billion KRW will be used to repay short-term borrowings from financial institutions. Furthermore, 3.1 billion KRW will be utilized to expand production facilities for the VCM business division.

Haesung Optics is an optical electronic product manufacturer established as a corporation in March 2002. Initially, it focused on producing and selling camcorders, digital cameras, DVD pickup lenses, and mobile lens assemblies (MOBILE LENS ASSY). Alongside this, it has developed and produced high-resolution optical lenses for smartphones, expanding its optical components business (mobile camera modules, 3D sensing camera modules).

In the first quarter, consolidated sales amounted to 36.9 billion KRW, a 56% decrease compared to the same period last year. Operating losses continued at 6.5 billion KRW.

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