[Special Stock] Lithium Pores Rises 11% on Capital Increase with Major Shareholder Participation

Semiconductor inspection equipment and mobile phone accessory company Lithium Force is showing strong performance in early trading on the 26th following the announcement of a capital increase with participation from major shareholders.

As of 9:26 AM on the day, Lithium Force's stock is trading at 842 KRW, up 11.52% compared to the previous trading day.

Lithium Force announced that it has decided on a third-party allotment capital increase. The capital increase is worth 10.5 billion KRW, with an issue price of 665 KRW per share, and the newly issued shares amount to 15,789,473 common shares. The payment date is July 2, and the new shares are scheduled to be listed on the 25th of the same month. Three individuals, including CEO Byeon Jae-seok and inside director Byeon Hee-jo, will participate in the capital increase.

On the same day, another capital increase worth 3 billion KRW was announced, with shares issued at 665 KRW each, totaling 4,511,278 common shares. The payment date is September 2, and the new shares are scheduled to be listed on the 25th of the same month. Inside director Byeon will participate in this capital increase. The company stated that the purpose of both capital increases is to raise operating funds.