[Featured Stock] Air Busan Plummets on Decision for 200 Billion KRW Rights Offering
![[Photo by Air Busan] [Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022060210083089812_1654132110.jpg)
[Asia Economy Reporter Lee Jung-yoon] Air Busan is experiencing a drop of over 14% during trading following the decision to proceed with a paid-in capital increase worth 200 billion KRW.
As of 10:04 AM on the 2nd, Air Busan is trading at 1,885 KRW, down 14.12% compared to the previous trading day.
Hot Picks Today
Up to 600 Million Won for Semiconductors, 160 Million Won Bonus for Loss-Making Non-Memory… Samsung Electronics Labor and Management Reach Tentative Deal on Unprecedented Performance Compensation (Comprehensive)
- "Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- U.S. Stocks Up 1% on War Negotiation Hopes... Will Korea Recover Recent Losses? [Good Morning Market]
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Earlier, on the 31st of last month, Air Busan announced that it had decided to carry out a paid-in capital increase worth 200.1 billion KRW through a rights offering to shareholders followed by a general public offering of forfeited shares to raise operating funds and repay debts. Additionally, on the same day, Air Busan announced that it had decided to implement a free capital reduction to improve its financial structure by reducing the currently issued 190 million common shares by one-third.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
