DL, DL Chemical Decides on 393 Billion KRW Capital Increase

[Asia Economy Reporter Minji Lee] DL announced on the 12th that its subsidiary DL Chemical has decided to conduct a paid-in capital increase worth 393 billion KRW to raise funds for acquiring securities of other companies.

On the day, the company stated, "DL will contribute all shares of Cariflex Pte. Ltd., which it holds, and DL FNC to DL Chemical in kind, and DL Chemical will issue new shares." They added, "This is to enhance operational efficiency and create business synergy."

Accordingly, DL announced that it will dispose of 229 million shares issued by its Singapore affiliate Cariflex Pte. Ltd. for 295.4 billion KRW. Additionally, it revealed that it will also dispose of 200,000 shares of its subsidiary DL FNC, which manufactures plastic films, for approximately 97.7 billion KRW.