Segisangsa Decides on 8 Billion KRW Rights Offering to Shareholders

[Asia Economy Reporter Jang Hyowon] Sekisangsa, a KOSPI-listed company, announced on the 18th that it has decided on a rights offering worth approximately 8 billion KRW.

The purpose of the fund-raising is 5 billion KRW for facility funds, 2 billion KRW for operating funds, and 1 billion KRW for debt repayment.

The planned issue price per share is 7,870 KRW, and 1,017,000 new shares will be issued. The number of new shares allocated per existing share is 0.2378157431 shares. The record date for the new share allocation is June 23.