Woongjin ThinkBig "Decision on Third-Party Allocation Paid-in Capital Increase of Subsidiary Nori-ui Balgyeon"

[Asia Economy Reporter Minji Lee] Woongjin ThinkBig announced on the 10th that its subsidiary Noriui Balgyeon has decided to conduct a third-party allotment paid-in capital increase worth 20 billion KRW to raise operating funds.

The newly issued shares are 400,000 registered voting preferred shares with redemption and conversion rights. The issue price per share is 50,000 KRW. The third-party allotment recipient is Woori Q Corporate Financial Stability Private Equity Investment Partnership, and the redemption request period is within 5 years.