Meritz Securities Decides on 200 Billion KRW Rights Offering

[Asia Economy Reporter Son Sunhee] Meritz Securities announced on the 25th that it has decided on a paid-in capital increase worth 200 billion KRW.

The method is a third-party allotment, and the allottee is Meritz Financial Group, the largest shareholder. The new shares amount to 58,651,026 shares (common stock), with an issue price of 3,410 KRW per share. The purpose of the fund-raising is for operating capital.

The company explained the background of the capital increase as "for management purposes such as improving the financial structure."