Joil Aluminum Decides on 43.7 Billion KRW Rights Offering to Shareholders

[Asia Economy Reporter Jang Hyowon] Joil Aluminum announced on the 20th that it has decided on a rights offering followed by a general public offering of forfeited shares worth 43.7 billion KRW. 12 billion KRW will be used for facility funds, and 31.7 billion KRW will be used for operating funds.

The number of new shares to be issued is planned to be 20 million shares, with a tentative issue price of 2,185 KRW. The final issue price will be determined on December 6. The number of new shares allocated per existing share is 0.1558972201 shares.