Kumho Electric, a KOSPI-listed company, announced on the 26th that it has decided to raise approximately 1 billion KRW through a third-party allotment of new shares to secure operating funds.
The newly issued shares amount to 1,383,124 common shares, priced at 723 KRW per share.
The third-party allotment recipients include Didimdol 1st Association (691,562 shares) and Kim Kwang-hoon (414,937 shares), among others.
The company stated that the purpose of the third-party allotment is to "raise operating funds."
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