Eabove Semiconductor Decides on Third-Party Allocation Paid-in Capital Increase Worth 3.5 Billion KRW

[Asia Economy Reporter Myunghwan Lee] Above Semiconductor announced on the 17th that it has decided on a third-party allotment paid-in capital increase worth 3,499,990,000 KRW for facility funds.

The new shares will be issued at a price of 10,900 KRW per share, with 321,100 new shares to be issued. The third-party allotment recipient is SVIC 56th New Technology Business Investment Association.

The company explained, "The recipient was selected considering the investor's payment capacity, timing, and willingness to secure facility funds for achieving management objectives."