Newintec Decides on 35 Billion KRW Paid-in Capital Increase

Newintec announced on the 1st that it has decided to conduct a rights offering followed by a general public offering of forfeited shares, raising 35 billion KRW to secure operating and facility funds. The planned issue price per new share is 1,688 KRW. The number of new shares allocated per existing share is 0.6909474227, with a total of 20.8 million new shares to be issued. The new shares are scheduled to be listed on September 1.