SKC Finalizes 1.17 Trillion Won Rights Offering for Debt Repayment and Glass Substrate Investment

SKC will issue 11.73 million common shares at a final price of 99,500 won per share via a rights offering and subsequent public offering, raising a total of 1,167.1 billion won.
Of the proceeds, 577.5 billion won will be used for debt repayment (improving financial structure), 589.6 billion won for acquiring a stake in Absolics Inc. (mass production of glass substrates), and 5.8 billion won for issuance costs.
The debt ratio is expected to improve from 232.75% before the offering to 129.58% after debt repayment, a reduction of 103.17 percentage points; the debt dependency ratio falls from 55.46% to 43.12%.
The final offering price was set as the higher of the lower of the first (70,600 won) and second (125,100 won) prices and 60% of the 3-day volume-weighted average price before the subscription date (99,500 won).
Joint lead underwriters are Korea Investment & Securities, NH Investment & Securities, Samsung Securities, Shinhan Investment Corp., and KB Securities, with a standby underwriting commitment.
The stock price rose from 93,600 won on April 2, 2026, to 156,300 won on May 11, 2026, signaling positive market reception to the capital increase.

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Filing: [Confirmation of Issuance Terms] Securities Registration Statement (Equity Securities)
Company: SKC (011790)
Submission: SKC LTD
Receipt: 05-12-2026