[Featured Stock] AT Semicon Hits Upper Limit Rally with Large-Scale Fundraising

[Asia Economy Reporter Ji Yeon-jin] AT Semicon is recording the upper price limit for three consecutive trading days following news of a large-scale fundraising.

On the morning of the 14th, AT Semicon was trading at 2,635 KRW, up 29.80% compared to the previous trading day right after the market opened. This marks three consecutive days of hitting the upper price limit since the 10th.

Earlier, the company announced on the 11th that it had decided on a third-party allotment paid-in capital increase worth 10.1 billion KRW to raise operating funds. The new shares will be issued at 1,089 KRW per share, with 9,288,852 shares to be issued. The payment date is April 28, and the listing date is scheduled for May 17.

The issuance target is Influencer Lab, and upon completion of payment, Influencer Lab could become the largest shareholder with a 20.07% stake.

On the same day, the company also decided to issue convertible bonds (CB) (18th to 21st series) and bonds with warrants (BW) (2nd to 5th series), each worth 100 billion KRW. The issuance size per bond is 25 billion KRW. Furthermore, the 200 billion KRW raised through bond issuance will be entirely used for acquiring securities of other companies.

Both CB and BW will also be conducted through third-party allotment, with all issuance targets being Influencer Lab. All eight bonds have a coupon and maturity interest rate of 3%, and the issuance and exercise price is 1,301 KRW.

The company operates in semiconductor packaging and testing businesses as a semiconductor back-end process company. Its main clients include major domestic IDM companies such as SK Hynix, Silicon Mitus, Silicon Works, as well as small and medium fabless companies and overseas fabless companies.

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