CJ CGV Rights Offering Public Subscription Success... 3.3 Trillion Won Raised

Subscription for 7.91 million forfeited shares sees 75.7 to 1 competition rate
New shares issued through rights offering scheduled to be listed on the 27th

More than 3 trillion KRW flowed into the general public subscription for CJ CGV's forfeited shares, marking a successful reception.

According to industry sources on the 13th, 3.3 trillion KRW was attracted to the general public subscription for CJ CGV's forfeited shares, recording a competition rate of 75.7 to 1. Previously, on the 11th and 12th, CJ CGV conducted a general public subscription targeting existing shareholders' forfeited shares.

This offering targeted 7,917,643 forfeited shares generated from the existing shareholders' subscription conducted on the 6th and 7th. The excess subscription rate from general shareholders, excluding the largest shareholder and employee stock ownership, reached 14%, reflecting high expectations. The new shares issued through this capital increase will be listed on the 27th of this month.

Choi Jeong-pil, Head of Management Support at CJ CGV, said, "Despite difficult times, we thank the shareholders and investors who believed in CJ CGV's growth potential and supported the capital increase," adding, "With your support and expectations, we will lay the foundation for growth and repay with greater corporate value."

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