Nuon Completes KRW 19 Billion Rights Offering to Third Party

Nuon is securing a growth investment base through a rights offering to a third party.

On July 28, the company announced that it had completed a rights offering to a third party, with KPM Tech, its largest shareholder, as the recipient, and is now moving forward to strengthen its growth foundation.

The newly issued shares to be listed on this day are a total of 9,187,620 common shares, each issued at 2,068 won per share. The total amount raised through the rights offering is 19 billion won, and the new shares will be subject to a one-year lock-up from the listing date.

Nuon plans to use the funds raised to acquire securities of other companies. This is part of a strategy to strengthen Nuon's growth base while reorganizing capital at the group level.

Nuon currently operates in the health functional food and cosmetics sectors and is continuing efforts to discover new growth drivers and expand its business portfolio. In particular, the company has expanded its cosmetics business based on its lifestyle health brand ‘Sallim Baekseo,’ strengthening its competitiveness in the beauty brand sector as well. Its skincare brand ‘Sallim Baekseo Zero’ continues to establish a presence in the global market, including securing distribution through major foreign beauty channels such as ‘W Cosmetic,’ a leading beauty retail channel in Australia, as exports of K-beauty products continue to grow.

A Nuon representative stated, “This rights offering is a strategic decision to strengthen Nuon’s financial and listing stability base, while also reorganizing capital at the group level,” adding, “We will accelerate growth investments to enhance corporate value, based on the newly secured funds.”

This content was produced with the assistance of AI translation services.