T'way Holdings Decides on 34.2 Billion KRW Rights Offering to Shareholders
[Asia Economy Reporter Jang Hyowon] T'way Holdings announced on the 20th that it has decided to proceed with a paid-in capital increase of 34.2 billion KRW through a rights offering followed by a general public offering of forfeited shares. The purpose of the capital increase is for operating funds of 4.4 billion KRW and debt repayment funds of 29.8 billion KRW.
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The new shares will consist of 32 million common shares, to be issued at 1,070 KRW per share. The price determination date is scheduled for December 15. The number of new shares allocated per existing share is 0.4130728735 shares, with the record date for new share allocation set for November 9. Subscription will be accepted from December 20 to 21, payment will be made on December 28, and the new shares are expected to be listed on January 12 of next year.
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