[Featured Stock] "New Growth Engine Investment"... Meta Labs Hits Upper Limit on 30 Billion KRW Capital Increase News

[Asia Economy Reporter Ji Yeon-jin] Meta Labs is hitting the daily price limit on the 27th following the announcement of a 30 billion KRW third-party allotment paid-in capital increase.

Meta Labs is trading at 928 KRW, up 214 KRW (29.97%) from the previous trading day’s closing price since the market opened today.

Earlier, on the 24th, Meta Labs disclosed that it decided to raise 30 billion KRW through a third-party allotment paid-in capital increase to fund the acquisition of securities from other companies.

The third-party allotment recipient is Wever Labs, which is 100% owned by Chairman Lee Jong-woo, the largest shareholder.

Fifty million common shares will be newly issued at a price of 600 KRW per share. The new shares are scheduled to be listed on the 19th of next month. The issued shares will be under a one-year lock-up period. After the capital increase, Chairman Lee Jong-woo and Wever Labs will hold a combined total stake of 49.22%.

A Meta Labs representative stated, "By securing a solid position as the largest shareholder, we will accelerate the activation of medical sector businesses and lay the foundation for future growth engines."

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