Ascendio Decides on 26.2 Billion KRW Paid-in Capital Increase

[Asia Economy Reporter Gong Byung-sun] Ascendio announced on the 23rd that it has decided on a rights offering followed by a general public subscription of forfeited shares, issuing 17 million common shares worth 26.2 billion KRW.

The funds raised through the rights offering are planned to be used as 10.8 billion KRW for facility funds, 14.8 billion KRW for operating funds, and 600 million KRW for other expenses.