DY is carrying out a paid capital increase of 60 billion KRW... seeking to stabilize management rights by expanding the shareholding ratio of the largest shareholder.
KOSDAQ-listed company DY has decided to implement a paid capital increase through a third-party allocation method to raise approximately 60 billion Korean Won. The company plans to use the funds raised to supplement its operating capital and improve its financial structure.
According to the electronic announcement from the Financial Supervisory Service on the 22nd, DY will issue 6,437,769 shares (ordinary shares) at a price of 932 KRW per share. The subscribers are the company's largest shareholder, Leg Tech Co., Ltd. (2,145,923 shares), and Mr. Kim Young-bae (4,291,846 shares). The two subscribers will jointly hold all the newly issued shares.
Third-party private placement with paid capital increase refers to the method of issuing new shares to specific investors to directly obtain funds, which has the advantage of raising funds more quickly compared to public offerings. Analysis suggests that DY adopts this method to simultaneously achieve the dual strategic goals of raising operating funds and reducing financial burdens.
Through this capital increase, the largest shareholder's shareholding ratio will be enhanced, which is expected to have a positive impact on the stability of operational control. After the paid capital increase is completed, the influence of Leg Tech Co., Ltd. within the company may be further strengthened.
Such measures are one of the options recently chosen by small and medium-sized listed companies to ensure liquidity, which can be interpreted as a manifestation of the trend for enterprises to enhance financial stability against the backdrop of high interest rates and economic uncertainty.
The future market evaluation of the value enhancement of DY enterprises may vary depending on the specific utilization of the funds raised. If the operating funds can be executed efficiently and business performance improves simultaneously, it is expected to become a positive factor for medium to long-term stock price increase.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
DY is carrying out a paid capital increase of 60 billion KRW... seeking to stabilize management rights by expanding the shareholding ratio of the largest shareholder.
KOSDAQ-listed company DY has decided to implement a paid capital increase through a third-party allocation method to raise approximately 60 billion Korean Won. The company plans to use the funds raised to supplement its operating capital and improve its financial structure.
According to the electronic announcement from the Financial Supervisory Service on the 22nd, DY will issue 6,437,769 shares (ordinary shares) at a price of 932 KRW per share. The subscribers are the company's largest shareholder, Leg Tech Co., Ltd. (2,145,923 shares), and Mr. Kim Young-bae (4,291,846 shares). The two subscribers will jointly hold all the newly issued shares.
Third-party private placement with paid capital increase refers to the method of issuing new shares to specific investors to directly obtain funds, which has the advantage of raising funds more quickly compared to public offerings. Analysis suggests that DY adopts this method to simultaneously achieve the dual strategic goals of raising operating funds and reducing financial burdens.
Through this capital increase, the largest shareholder's shareholding ratio will be enhanced, which is expected to have a positive impact on the stability of operational control. After the paid capital increase is completed, the influence of Leg Tech Co., Ltd. within the company may be further strengthened.
Such measures are one of the options recently chosen by small and medium-sized listed companies to ensure liquidity, which can be interpreted as a manifestation of the trend for enterprises to enhance financial stability against the backdrop of high interest rates and economic uncertainty.
The future market evaluation of the value enhancement of DY enterprises may vary depending on the specific utilization of the funds raised. If the operating funds can be executed efficiently and business performance improves simultaneously, it is expected to become a positive factor for medium to long-term stock price increase.