Foodnamu Decides on 26.4 Billion KRW Third-Party Allocation Paid-in Capital Increase
Foodnamu announced on the 21st that it has decided to conduct a third-party allotment paid-in capital increase to raise approximately 26.4 billion KRW for operating funds and other purposes.
New shares totaling 8,887,016 common shares will be issued at 2,965 KRW per share. The third-party allotment recipients include Onhill Partners Co., Ltd. (the prospective largest shareholder after the change, 3,372,682 shares) and Choi Seok-ju (1,686,340 shares), among others.
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The company stated that the purpose of the third-party allotment capital increase is "to raise funds for operating capital and debt repayment to improve the financial structure."
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