STX to Raise 49.1 Billion KRW Through Paid-in Capital Increase for "Debt Repayment"

[Asia Economy Reporter Ji Yeon-jin] STX announced on the 21st that it has decided to conduct a paid-in capital increase of 680 common shares through a general public offering of forfeited shares after shareholder allocation. The 49.1 billion KRW raised through this capital increase will be used for debt repayment.

The record date for new share allocation is July 10, and the number of shares per one share is 0.34. Subscription will take place over two days starting July 14, and the new shares are scheduled to be listed on August 3.