Global Tax Free Decides on 10.4 Billion KRW Capital Increase

[Asia Economy Reporter Ji Yeon-jin] Global Tax Free announced on the 14th that it has decided to conduct a paid-in capital increase worth 10.4 billion KRW by issuing 2,982,951 new shares to raise operating funds.

This paid-in capital increase will be conducted through a third-party allotment method, with the new share issuance price set at 3,520 KRW per share.

The company also acquired 525,500 shares of Elsolu worth approximately 16.2 billion KRW for business diversification. After the acquisition, its shareholding ratio is 24.99%. Elsolu is a company where Ji Chang-jin, who participated in this paid-in capital increase, is the largest shareholder.