KS Industry Decides on 10 Billion KRW Third-Party Allotment Capital Increase

KS Industry announced on the 3rd through a disclosure that it has decided on a third-party allotment capital increase worth 10 billion KRW.

New shares of 5,162,622 common stocks will be issued at 1,937 KRW per share, and the third-party allotment recipient is L&M System Co., Ltd. (5,162,622 shares).

Earlier, KS Industry also changed its largest shareholder from Ax Solution to VT through a third-party allotment capital increase worth 6 billion KRW in January.

VT is a KOSDAQ-listed company with a market capitalization of approximately 1.2 trillion KRW. As of the end of Q3 last year, it recorded an operating profit of 81.8 billion KRW based on consolidated financial statements and holds cash and cash equivalents and other liquid financial assets worth about 110 billion KRW.