Giant Step Decides on 70 Billion KRW Paid-in and Free Capital Increase
[Asia Economy Reporter Minji Lee] Giant Step announced on the 1st that it has decided to conduct a paid-in capital increase worth 70 billion KRW to raise funds for facility expenses, operating expenses, and acquisition of securities of other corporations. The process will be carried out through a rights offering followed by a general public subscription for forfeited shares, with the record date for new share allocation set for the 8th of next month.
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Additionally, the company will conduct a bonus issue by allocating one new common share for every one existing common share. A total of 10,917,027 new shares are expected to be issued. The record date for this allocation is December 21st.
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