[Featured Stock] Oscotec Plummets 20% Amid 120 Billion Won Rights Offering
[Asia Economy Reporter Lee Seon-ae] On the 29th, Oscotec's stock price is plummeting. This is due to the news of a rights offering followed by a general public offering of unsubscribed shares.
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At 10:13 AM on the same day, Oscotec's stock price was trading at 19,250 KRW, down 19.79% compared to the previous trading day. On the 26th, Oscotec announced that it had decided to conduct a rights offering followed by a general public offering of unsubscribed shares worth 120 billion KRW to raise operating and facility funds. Through this capital increase, 6.4 million common shares will be newly issued. The record date for new share allocation is September 28, and the expected listing date is November 30.
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