Daedong Decides on 20 Billion KRW Paid-in Capital Increase

[Asia Economy Reporter Gong Byung-sun] Daedong announced on the 23rd that it has decided to conduct a third-party allotment paid-in capital increase worth approximately 20 billion KRW by issuing 1,520,903 convertible preferred shares at a par value of 1,000 KRW per share.

The funds raised through the paid-in capital increase are planned to be used as operating capital.