CJ CGV Rights Offering General Public Subscription Expected to Attract Strong Interest

Existing shareholders subscription rate 89.4%... 66.78 million shares subscribed out of 74.7 million shares offered
"General shareholders' oversubscription rate recorded at 14%... Positive effect expected on general public offering subscription"

The subscription rate for existing shareholders in CJ CGV's paid-in capital increase is approaching 90%, raising expectations for a successful public offering subscription. CJ CGV announced on the 8th that the subscription rate reached 89.4% in the paid-in capital increase conducted for existing shareholders on the 6th and 7th.

In this subscription, existing shareholders subscribed to a total of 66,782,357 shares out of the 74,700,000 shares offered. The largest shareholder, CJ, invested 100 billion KRW, which is 40 billion KRW more than initially planned, subscribing to a total of 17,985,611 shares, and the employee stock ownership association subscribed to 6,942,970 shares. Other general shareholders subscribed to 41,853,776 shares. Among these, the number of shares oversubscribed was 5,032,701, meaning 14% of the general shareholders participated in oversubscription.

Choi Jeong-pil, Head of Management Support at CJ CGV, said, "The 14% oversubscription rate by general shareholders can be seen as shareholders positively evaluating CGV's prospects," adding, "We expect this to have a positive effect on the scheduled public offering subscription as well."

Meanwhile, CJ CGV finalized the issue price of new shares for the paid-in capital increase at 5,560 KRW on the 1st. Last month, the employee stock ownership association recorded a subscription rate of 93%. The general public offering subscription for about 7.91 million shares will be conducted on the 11th and 12th. The new shares are scheduled to be listed on the 27th.

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