Mnet Decides on Third-Party Allocation Paid-in Capital Increase Worth 1 Billion Won

[Asia Economy Reporter Minji Lee] M2N announced on the 21st that it has decided to conduct a third-party allotment paid-in capital increase worth 1 billion KRW to raise operating funds.

The third-party allotment recipient is Mr. Seoyoung Min, who is a special relation of the largest shareholder. The scheduled listing date of the new shares is November 6.