Wider Planet, 19 Billion Won Paid-in Capital Increase... Third-Party Allocation to Lee Jung-jae, Jung Woo-sung, and Others
Wider Planet announced on the 8th that it has decided to conduct a third-party allotment paid-in capital increase worth approximately 19 billion KRW to raise operating funds.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023120817594282598_1702025982.jpg)
New shares totaling 5,965,460 common shares will be issued at 3,185 KRW per share. The third-party allotment recipients include six individuals such as Lee Jung-jae (3,139,717 shares) and Jung Woo-sung (627,943 shares).
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Wider Planet stated that the purpose of the third-party allotment is "to achieve the company's management objectives such as carrying out the intended business and improving the financial structure."
This content was produced with the assistance of AI translation services.
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