[Featured Stock] Hyundai Motor Securities Plummets Over 15% on Capital Increase Decision... New Low

Hyundai Motor Securities is experiencing a sharp decline following the announcement of a rights offering. It hit a 52-week low during trading.

As of 9:18 AM on the 27th, Hyundai Motor Securities is trading at 7,430 KRW, down 1,370 KRW (15.57%) from the previous day. It fell to 7,370 KRW during the session, setting a new 52-week low.

Hyundai Motor Securities disclosed yesterday that it has decided on a rights offering worth 200 billion KRW. The rights offering will be conducted through a shareholder allocation followed by a general public offering of unsubscribed shares, with 30.12 million new shares issued at 6,640 KRW per share.