SC Engineering, MagnaPlus Target 3 Billion KRW Capital Increase

[Asia Economy Reporter Park Soyeon] SC Engineering announced on the 21st that it has decided to conduct a third-party allotment paid-in capital increase to raise approximately 3 billion KRW for operating funds and other purposes. New shares totaling 1,120,658 common shares will be issued at 2,677 KRW per share. The third-party allotment recipient is Magna Plus Fund (1,120,658 shares).