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Daishin Securities headquarters building. (Photo courtesy of Daishin Securities) |
[Alpha Biz= Paul Lee] Daishin Securities has announced that it will conduct a rights offering of approximately KRW 50 billion to secure operational funding.
On December 8, the company disclosed that it has approved a capital increase totaling KRW 49,999,973,000. The offering will be carried out through a third-party allotment to a special purpose company (SPC) named New Mare Je SIB No. 2.
The newly issued shares represent 1.02% of Daishin Securities’ total outstanding shares. The company will issue 594,530 shares of redeemable convertible preferred stock (RCPS) at a price of KRW 84,100 per share.
New Mare Je SIB No. 2 will acquire the new shares, and Daishin Securities is expected to utilize the proceeds to support its ongoing business operations.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
