WinHiTec Resolves on 2 Billion Won Third-Party Allotment Capital Increase... 29% Premium Over Reference Price Shows Confidence
Shareholder Value Enhanced by 29% Premium on Issue Price per Share
WinHiTec, a leading company in comprehensive construction materials technology innovation (Co-CEOs Song Jaeun and Park Sungtae), announced on July 8 that its board of directors resolved on July 7 to conduct a third-party allotment paid-in capital increase worth approximately 2 billion won.
This paid-in capital increase will be offered to S&Global, the largest shareholder, and aims to raise funds for the company's research and development as well as for other management purposes.
In particular, the issue price per share has been set at 2,139 won, which reflects a 29% premium over the reference price of 1,658 won per share. The company stated that this measure is intended to enhance shareholder value.
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The new shares to be issued through this paid-in capital increase amount to 935,017 registered common shares, and the expected listing date for the new shares is August 11, 2026.
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