Mirae Industry, a semiconductor back-end process specialist company (CEO Changjae Lee), announced on the 25th that its largest shareholder, Nexton Bio (CEO Jeongchan Lee), has completed 100% participation in the subscription of shares allocated in the shareholder priority offering. Mirae Industry is currently conducting a general public subscription for the unsubscribed shares arising after the shareholder priority paid-in capital increase subscription.
A company official stated, “Starting with the 100% subscription participation of the largest shareholder Nexton Bio, inquiries about the subscription schedule for unsubscribed shares from new and general investors as well as existing shareholders are increasing, indicating expected strong interest and participation from many existing and new shareholders.”
Mirae Industry conducted a shareholder priority paid-in capital increase subscription worth 29.1 billion KRW (38 million shares) from November 20 to 21. Following this, a general public subscription for 21,325,541 unsubscribed shares is being held for two days from today until the 26th. The subscription price per share is 767 KRW. Mirae Industry’s closing price last Friday was 976 KRW.
The payment date for the subscription funds is scheduled for the 28th, and the new shares are expected to be listed on December 10. The subscription is being handled through SK Securities, and any remaining shares after the general public offering will be canceled without issuance.
The company official added, “The raised funds will be used to acquire a factory located across from Wonik IPS’s Giheung plant, with plans to start production of some items from the second quarter of next year,” and noted, “Being located at the center of the largest semiconductor R&D cluster in the metropolitan area provides advantages in logistics efficiency and transportation cost reduction.”
Furthermore, the official said, “Strong demand for chips supporting artificial intelligence (AI), such as graphics processing units (GPUs), gradual recovery in the NAND flash industry, and rapid inventory depletion in DRAM leading to price rebounds indicate a recovery in the upstream industry. Accordingly, new product development for next-generation market dominance is underway,” and added, “With the acquisition of the factory, production capacity (CAPA) is expected to increase by more than 60% compared to the existing capacity, leading to anticipated expansion in scale.”
Meanwhile, among KOSPI-listed companies, Mirae Industry recorded the highest operating profit margin based on sales from the first to third quarters this year at 47.50%, a 42.18 percentage point increase compared to the previous year. Following it were Krafton (46.22%), Hanmi Semiconductor (44.82%), and DoubleU Games (39.40%). On an individual basis, companies with high operating profit margins based on sales included Krafton (48.64%), Mirae Industry (48.88%), and Hanmi Semiconductor (27.61%).
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