H&B Design's Shareholder Public Offering Rights Issue Subscription Progresses Smoothly... "Expectations to Alleviate Concerns Over Designation as a Management Item"

[Asia Economy Reporter Jang Hyowon] H&B Design announced that it has completed the subscription of existing shareholders for the priority rights offering in the shareholder public offering, and the general public offering subscription is also progressing smoothly as planned, with a low possibility of being designated as a management item.

On the 24th, H&B Design stated, "As a result of the subscription of existing shareholders for the priority rights offering worth a total of 37.3 billion KRW, the largest shareholder, Salutaris 1ho Investment Association, completed 100% of the subscription worth 4.8 billion KRW allocated to it, showing an overall subscription rate of 44.81% among all shareholders."

The general public offering subscription for the forfeited shares arising after the existing shareholders' subscription will be conducted over two days, on the 27th and 28th.

In this regard, an H&B Design official said, "Despite the stock price decline during the subscription period, a high subscription rate was shown," and added, "On the 21st, a third-party allotment rights offering worth 7 billion KRW was resolved targeting CEO Lee Jungok and others, and even if approximately 10 billion KRW worth of subscriptions are additionally made through the general public offering for the forfeited shares, concerns about designation as a management item are expected to be sufficiently alleviated."

Furthermore, H&B Design stated, "During the general public offering for the forfeited shares, the largest shareholders and strategic partners will actively participate in the subscription to demonstrate their commitment to responsible management."

Meanwhile, the general public offering can be participated in through the websites of securities firms currently trading, HTS and MTS, or by visiting securities firm branches on the 27th and 28th.

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