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

[Asia Economy Reporter Jang Hyowon] In the first week of this month (October), KD will conduct a rights offering for a paid-in capital increase.

◆KD= KD will carry out a rights offering for a paid-in capital increase on the 6th and 7th. The company plans to issue a total of 16 million shares to raise 23.12 billion KRW. The price per share is 1,445 KRW, which is a 25% discount compared to the reference stock price. The general public subscription period will be from the 12th to the 13th.

KD plans to use 13.3 billion KRW of the raised funds to repay debt. Additionally, 7.3 billion KRW will be allocated as the first interim payment for land in the Gunsan New Station Area, and 2 billion KRW will be used for salaries and interest expenses.

KD is a company engaged in construction, electronics, and mold base businesses. In the construction business, it directly builds and sells commercial buildings, officetels, and apartment complexes (APT), or undertakes construction contracts for these buildings. The electronics business segment related to mobile phone mechanical parts and the mold manufacturing business have experienced deteriorating profitability and have been discontinued.

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