Iljindisple, Decides on 30 Billion KRW Paid-in Capital Increase

[Asia Economy Reporter Ryu Tae-min] Iljin Display announced on the 17th that it has decided to conduct a paid-in capital increase worth 30 billion KRW to secure operating funds, facility funds, and debt repayment funds.

It will raise 3.5 billion KRW for facility funds, 17.2 billion KRW for operating funds, and 9.3 billion KRW for debt repayment funds. The record date for new shares allocation is January 20, 2022, with 0.3963431145 shares allocated per one existing share.

The subscription period for existing shareholders is scheduled for March 2-3, 2022, and the new shares are expected to be listed on March 23, 2022.