Exiogroup Withdraws KRW 160 Billion Third-Party Capital Increase After Payment Failure and Board Rejection
- Board decided on May 12, 2026 to fully withdraw the third-party capital increase of 2,860,018 shares (approx. KRW 160 billion) originally resolved on April 15, 2025
- Allottee 'Variant New Technology Fund No. 242' withdrew participation due to internal reasons; (주)두영물산 requested to take over and extend payment deadline by one month
- On May 12, 2026, the board rejected the extension proposal with 3 in favor, 2 against, 1 abstention, failing to meet the majority requirement
- Reason for withdrawal: failure of all allottees to make proper payment and lack of alternative measures to proceed with the capital increase
- Funds were intended for operating and other purposes (approx. KRW 160 billion)
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KOSDAQ Filing Information
- Filing: Other Major Management Matters (Revocation of Paid-in Capital Increase Decision (Third-Party Allocation))
- Company: Exion Group (069920)
- Submission: Exion Group Company Limited
- Receipt: 05-12-2026
- Under KRX KOSDAQ Market Division