[This Week's Paid-in Capital Increase] November First Week Public Offering Schedule

[Asia Economy Reporter Hyunseok Yoo] In the first week of this month (November), Jin Air, Dongil Steel, and Ascendio will proceed with rights offerings.

◆Jin Air= Jin Air will conduct a rights offering followed by a general public offering for unsubscribed shares. Employee stock ownership association subscription will take place on the 1st of next month. Also, existing shareholders can subscribe from the 1st to the 2nd of next month. The general public subscription will be held from the 4th to the 5th of next month.

A total of 720,000 shares will be issued to raise 123.8 billion KRW. The fixed price is 17,200 KRW per share. All funds raised will be used for operating expenses. Specifically, 54 billion KRW will be allocated for aircraft lease fees, 50 billion KRW for fuel costs, and 37 billion KRW for labor costs. Any shortfall will be covered by internal cash reserves.

Jin Air is a low-cost carrier (LCC) established in January 2008.

◆Dongil Steel= Dongil Steel will conduct a rights offering followed by a general public offering for unsubscribed shares. Employee stock ownership subscription will be held on the 3rd of next month. From the same day to the 4th, existing shareholders and oversubscription will be accepted. General public subscription will be held from the 8th to the 9th of next month.

A total of 5.3 million shares will be issued to raise 16.5 billion KRW. The fixed price is 3,105 KRW per share. All funds raised will be invested in facility capital to improve the production capacity and productivity of the Sekyungbong division.

Dongil Steel is engaged in the manufacturing and sales of PC steel wire rods, steel wire rods, galvanized steel wire rods, and cold-rolled steel wire rods, as well as wire rods for wire drawing. It was established on July 13, 1959.

◆Ascendio= Ascendio will conduct a rights offering followed by a general public offering for unsubscribed shares. From the 3rd to the 4th of next month, existing shareholders and oversubscription will be accepted, followed by a general public subscription from the 8th to the 9th of the same month.

Based on the initial issue price of 1,450 KRW, a total of 17 million shares will be issued to raise 24.7 billion KRW. The fixed issue price will be announced on the 1st of next month.

The funds raised will be used for facility capital and operating expenses. Operating expenses will be invested in films and dramas. Facility capital will be used for the construction of a studio town project.

Ascendio applied for rehabilitation procedures at the Seoul Rehabilitation Court in October 2019 and was acquired by Pacific Industry, an affiliate of Bando Construction, in April last year, after which it began business normalization. Last year, it underwent business restructuring and portfolio reorganization. In March, it changed its name from Kiwi Media to its current name.

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