Powernet Decides on Third-Party Allocation Paid-in Capital Increase Worth 3 Billion KRW
Powernet announced on the 23rd that it has decided to conduct a third-party allotment paid-in capital increase to raise approximately 3 billion KRW for operating funds and other purposes.
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1,269,572 new common shares will be issued at 2,363 KRW per share. The third-party allotment recipient is the largest shareholder, Wizit Co., Ltd.
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