[Asia Economy Reporter Gong Byung-sun] Daedong announced on the 23rd that it has decided to conduct a third-party allotment paid-in capital increase worth approximately 20 billion KRW by issuing 1,520,903 convertible preferred shares at a par value of 1,000 KRW per share.



The funds raised through the paid-in capital increase are planned to be used as operating capital.


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