SL Bionics Decides on 4.1 Billion KRW Paid-in Capital Increase
[Asia Economy Reporter Jang Hyowon] SL Bionics announced on the 23rd that it has decided on a third-party allotment paid-in capital increase worth 4.1 billion KRW targeting its largest shareholder, SL Holdings Company.
The total number of shares to be issued through this paid-in capital increase is 1,529,850 shares, with the issue price per new share set at 2,680 KRW. The scheduled listing date for the new shares is May 17.
The company plans to use the raised funds of 4.1 billion KRW as operating capital.
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An SL Bionics official stated, "The funds secured through this paid-in capital increase will be used to achieve management objectives such as company operating capital," adding, "We will make every effort to improve financial structure and ensure stable business activities, thereby enhancing corporate and shareholder value."
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