[Public Notice+] DA Technology Completes Payment for 15 Billion KRW Third-Party Allocation Capital Increase

[Asia Economy Reporter Eunmo Koo] DA Technology is taking steps to secure investment funds and strengthen management rights.

DA Technology announced on the 24th through a public disclosure that it has completed the payment for a third-party allotment capital increase worth 15 billion KRW, and CEO Jongwook Lee also participated in the capital increase with a payment of 1 billion KRW. DA Technology stated that the funds secured through this capital increase will be used for facility investment and operating funds, and some will also be used to acquire securities of other corporations.

A representative of DA Technology said, “With the successful completion of fundraising, we have gained momentum to strengthen the production line and resume global orders in earnest,” adding, “The CEO’s direct participation in the capital increase has strengthened management rights, and we expect that the continuous efforts to enhance technological competitiveness will also be empowered.”