Setopia Completes Paid-in Capital Increase of 7 Billion KRW
Setopia announced on the 21st through a disclosure that the 7 billion KRW third-party allotment paid-in capital increase has been completed.
The number of shares to be issued is 5,335,365, and the new shares are scheduled to be listed on July 5. All listed shares will be subject to a one-year lock-up period.
A Setopia representative stated, “In addition to the existing capital increase participants CEO Seo Sang-cheol and As Equity Union No. 1, a new subscriber has been added due to the participation of the largest shareholder SA Corporation in the capital increase,” adding, “We will strive to enhance the company’s growth and shareholder value with the funds secured through the paid-in capital increase.”
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Meanwhile, with SA Corporation’s participation in this capital increase, CEO Seo Sang-cheol and related parties’ shareholding ratio has reached 12.19%.
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