JAYJUN's Rights Offering Public Subscription Competition Rate 450 to 1... "Will Take a Step Forward"

[Asia Economy Reporter Hyunseok Yoo] JAYJUN announced on the 29th that it recorded an approximately 450 to 1 subscription competition rate in the general public offering subscription for paid-in capital increase conducted over two days from the 27th to the 28th.

A JAYJUN official stated, “The success of this paid-in capital increase is the result of shareholders and general investors positively evaluating the company's efforts such as ▲expanding eco-friendly and plant-based cosmetics lineup ▲entering the B2B market through cosmeceutical products ▲strengthening online marketing ▲efforts to expand sales in China.”

He added, “The funds raised through the paid-in capital increase will be used to grow the core cosmetics business and stabilize the financial structure,” and “We will take this capital increase as an opportunity to make a leap forward and repay the support of shareholders and general investors.”

The refund and payment date for this capital increase is scheduled for the 30th, and the new shares are expected to be listed on the 17th of next month.

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