CCS Changes 대상 of Paid-in Capital Increase to Ensure Stable Management and Promote New Business

by Jang Hyowon

Published 14 Dec.2023 13:03(KST)

CCS announced on the 13th that it has changed the payment date for the previously scheduled paid-in capital increase to the 21st.

According to the company, the revised payment date for the paid-in capital increase, which is being conducted on a scale of 10 billion KRW, is the upcoming 21st, and the scheduled listing date for the new shares is January 8, 2024. The 11,337,869 shares to be listed will be under a one-year lock-up period. Additionally, the investor relations (IR) meeting originally scheduled for the 18th has been postponed to January 26, 2024.

The company explained that the postponement was due to administrative procedures considered during the process of reallocating the third-party allotment target, initially designated as Quantum Growth No.1 Association related to Contents House 210, to Green BTS and Quantum Port.

Green BTS is co-led by Jeong Pyeong-yeong and Kwon Young-wan, and Quantum Port, a company engaged in research and development of room-temperature and ambient-pressure superconductors, is led by CEO Kwon Young-wan.

A company representative stated, “As Green BTS and Quantum Port are participating in this capital increase and newly emerging as the largest and major shareholders, we are considering ways to maximize synergy by integrating the technologies of the two companies with CCS,” adding, “We are preparing concrete plans for commercialization.”

They continued, “The payment deadline for the 20 billion KRW convertible bonds (CB) is scheduled for January 25, 2024, and it is expected that conducting the IR, including next year’s business plan, will be more efficient after the completion of these payments.”

Through this capital increase, Green BTS and Quantum Port plan to secure a stable financial structure and prioritize modernizing regional broadcasting infrastructure and improving subscriber quality services to realize the public responsibility, fairness, and public interest of broadcasting. The company stated, “We will also do our best to realize social credibility as a regional broadcasting operator and enhance corporate added value.”