KJ Steel Decides 1 Billion Won Third-Party Allotment

KJ Steel resolved on May 7, 2026 to issue 502,512 shares (approx. 1 billion won) via third-party allocation. Issue price 1,990 won (face value 500 won), 10% discount.
Purpose: fund operations. Allocated to Aju Technology System.
FY2025 consolidated net loss of 4.86 billion won, operating loss 4.25 billion won, second consecutive year of losses.
Debt ratio 363.12%, net borrowing ratio 334.58% as of end-2025, weak financial structure.
No dividends for past 3 years, EPS loss of 759 won in 2025.
Short-term negative due to dilution and poor fundamentals.

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