AD Chips Decides on 24.4 Billion KRW Capital Increase

[Asia Economy Reporter Kim Daehyun] AD Chips announced on the 2nd that it has decided to raise capital through a rights offering followed by a general public offering of forfeited shares, amounting to 24,430,500,000 KRW.

This is to raise 14,430,500,000 KRW for facility funds and 10,000,000,000 KRW for debt repayment. The record date for new share allocation is next month on the 5th, with 0.50368367 shares allocated per 1 share. The subscription period for existing shareholders is from August 6 to 9, and the expected listing date for the new shares is August 30.