Kwangjin Industries Decides 3rd-Party Allotment of 1.02M Shares at 10% Discount to Raise 2 Billion Won for Operating Funds
- Kwangjin Industries decided a third-party allotment rights offering of 1,020,409 common shares (15.9% of pre-issue shares) at 1,960 won per share to Lee Jong-ho, raising approximately 2 billion won for operating funds
- The issue price is 1,960 won, a 10% discount to the reference price of 2,176.8 won, resolved by the board on May 7, 2026
- Payment date corrected to May 27, 2026, listing date corrected to June 12, 2026
- New shares will be locked up for one year; existing shareholders' ownership diluted by approximately 15.9%
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)
- Company: Kwangjin Industries (026910)
- Submission: Kwangjin Industries
- Receipt: 05-19-2026