[Asia Economy Reporter Kim Jin-ho] Toss Bank announced on the 25th that it held a board meeting in the afternoon and resolved to proceed with a paid-in capital increase worth a total of 300 billion KRW. Through the capital increase, a total of 60 million new shares will be issued, with a price of 5,000 KRW per share.
Among the 60 million shares, 45 million are common shares and 15 million are convertible shares. They will be allocated according to the existing shareholders' stockholding ratios. The payment date for the capital increase is set for the 28th, and upon completion, Toss Bank's paid-in capital will increase from 250 billion KRW to 550 billion KRW.
Meanwhile, 12.5 million 'non-voting preferred shares' held by Baripublica will be converted into 'non-voting convertible shares.'
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