Eco-friendly fuel company SL Energy announced on the 5th that it will participate in the third-party allotment paid-in capital increase of its affiliate Studio Santa Claus. Through this paid-in capital increase, SL Energy will increase its stake in Studio Santa Claus from the existing 9.10% to 26.85%. The total payment amount is 2.5 billion KRW, with the payment date set for the 13th.
As of the first half of the year, SL Energy recorded sales of 36 billion KRW and an operating profit of 800 million KRW. This surpasses the previous year's sales of 35.2 billion KRW. The operating profit turned positive compared to the previous year (an operating loss of 4.3 billion KRW).
Additionally, the company plans to secure approximately 45 billion KRW in cash through the sale of real estate in Yongin. The company explained that the secured funds will be used to fully repay borrowings.
A representative of Studio Santa Claus stated, "This paid-in capital increase will not only strengthen the responsible management of the largest shareholder and expand the shareholding ratio but also greatly help improve cash flow for the resumption of transactions. We will enhance our content production capabilities and accelerate our entry into the global market through focused selection and concentration via intensive business division restructuring and reorganization."
Studio Santa Claus, an affiliate of SL Energy, is the largest shareholder of Nexton Bio, which in turn is the largest shareholder of Mirae Industry and EV Advanced Materials. Dynamic Design and others are also subsidiaries.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
