Genko Raises 3.5 Billion Won Through Rights Offering... Third-Party Allotment to Creo SG and Others
On May 7, Genko announced that it has decided to issue new shares through a third-party allotment to raise approximately 3.5 billion won, including funds for debt repayment.
A total of 1,230,226 common shares will be issued at 2,845 won per share. The third-party allottees are the largest shareholder, Creo SG Co., Ltd., which will receive 639,718 shares, and the affiliate, Creo Estate Co., Ltd., which will receive 411,247 shares, among others.
Hot Picks Today
!["Boss, What Is This?" The 2,000 Won 'Pizza-Like Rice Cake' Causes a Sensation at Local Shops [Flavor File X]](https://cwcontent.asiae.co.kr/asiaresize/93/2026100211465249151_1790909212.jpg)
"Boss, What Is This?" The 2,000 Won 'Pizza-Like Rice Cake' Causes a Sensation at Local Shops [Flavor File X]
- "Bought It Cheaper in Japan Than Korea"... Improper Use Leads to Vomiting and Abdominal Pain, Official Warning Issued
- "Target Price Lowered but 59% Upside Remains?... The Travel Stock Analysts Say to Watch at Year-End [Weekend Money]"
- "You Want Kids to Wear This?"... Zara Halts Sales of 60,000-Won Halloween Costume After Backlash
- "Kim Heeyeong in Hanbok, Chey Taewon by Her Side"... First Official Appearance Together After 944 Billion KRW Ruling
The company stated that the purpose of the third-party allotment is to "improve the financial structure through capital conversion (debt offsetting)."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
