Third-Party Allocation Rights Offering of 990 Million Won Amid Delisting Risk
- Raising 989,999,856 KRW (897,552 shares at 1,103 KRW per share) via third-party allocation rights offering to be used as operating funds
- Issue price set at 10% discount to reference price (1,225.13 KRW); largest shareholder stake decreases from 38.40% to 36.12%
- Consolidated 2025 revenue at 49.7 billion KRW, operating profit of 1.3 billion KRW, net profit of 1.3 billion KRW, though revenue declined year-on-year
- Debt ratio at 120.50%, short-term borrowings of 10.9 billion KRW, current portion of long-term borrowings of 7.0 billion KRW indicating high financial burden
- Market cap as of April 24, 2026 at approximately 17.3 billion KRW, posing delisting risk as threshold rises to 20 billion KRW in H2 2026
- Declining sales in core LCD etching business (21.2 billion in 2023 to 18.1 billion in 2025) and intensifying competition from Chinese players
- Ongoing lawsuit regarding defect repairs involving subsidiary Songdo Anny Park Co., Ltd. (508.8 million KRW claim)
- No dividends for the past three years; holds 83,800 treasury shares (0.59%)
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KOSDAQ Filing Information
- Filing: [Correction of Description] Small Amount Public Offering Disclosure Document (Equity Securities)
- Company: U.I.DISPLAY (069330)
- Submission: U.I.DISPLAY CO.,LTD.
- Receipt: 04-29-2026