[Market Focus] Unison Plunges on Announcement of 64 Billion KRW Rights Offering

Unison is trading lower. The decline is believed to be due to the announcement of a large-scale rights offering worth 64 billion KRW.

As of 10:00 a.m. on June 20, Unison was trading at 1,391 KRW, down 402 KRW (22.42%).

On the previous day, Unison announced that it had decided to conduct a rights offering with a general public offering of forfeited shares after allocation to existing shareholders, in order to raise 64.26 billion KRW in operating funds. A total of 51 million common shares will be issued. The planned issue price is 1,260 KRW per share. The record date for the allocation of new shares is July 22.