Novarex Decides on Paid and Free Capital Increase
[Asia Economy Reporter Myung-hwan Lee] Novarex announced on the 7th that it will conduct a paid-in capital increase by issuing 900,000 common shares worth 26,235 million KRW to secure facility funds. The method of capital increase is a rights offering to existing shareholders followed by a general public offering for unsubscribed shares.
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In addition, a bonus issue was also decided, allocating one common share for every one share held.
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