Bitmax Announces KRW 21.5 Billion Capital Increase... Third-Party Allotment to Korea Advanced Materials
Bitmax, a KOSDAQ-listed company, disclosed on November 3 that it had decided to conduct a third-party allotment paid-in capital increase to raise approximately 21.5 billion won.
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A total of 13,961,520 new common shares will be issued at 1,544 won per share. The recipient of the third-party allotment is its affiliate, Korea Advanced Materials Co., Ltd. (13,961,520 shares).
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