Kiwi Media Group Decides on 1.8 Billion KRW Paid-in Capital Increase

[Asia Economy Reporter Minji Lee] Kiwi Media Group announced on the 10th that it has decided to conduct a third-party allotment paid-in capital increase worth 1,890,190,000 KRW for other financing purposes.

The new shares will be issued at a price of 500 KRW each, with the expected listing date set for the 24th. The company stated, "This is to improve the financial structure and to repay the source of the rehabilitation bonds," adding, "The third-party allotment recipients are the rehabilitation bondholders Deco & E, Kim Seonhwa, and Kim Sehee." The lock-up period for all is six months.