Nature and Environment, 24 Billion KRW Rights Offering to Shareholders

On the 29th, Jayeonwahwan announced that it will conduct a paid-in capital increase through a rights offering worth 24 billion KRW.

A total of 32 million new shares will be issued through a rights offering to existing shareholders, followed by a general public offering for any unsubscribed shares.

The record date for allocation is set for the 18th of next month, with 0.393 shares allocated per existing share. Based on the planned issue price of 746 KRW per share, the company expects to raise a total of 23.872 billion KRW.

The company stated, "21.478 billion KRW will be used for facility investment, and the remaining 2.394 billion KRW will be used for operating funds." It added, "Regarding the facility investment, the funds will be used for equipment investment in the PC (Precast Concrete) factory by the second quarter of next year."