Hanul & Jeju to Raise 2.2 Billion Won Through Small-Scale Offering... Largest Shareholder Hanul Semiconductor Subscribes for 300,000 Shares

Hanul & Jeju is pursuing a small-scale public offering of new shares worth approximately 2.2 billion won, and its largest shareholder, Hanul Semiconductor, has subscribed for 300,000 new shares. The company said the largest shareholder’s direct participation in fundraising demonstrates its commitment to stabilizing management and restoring market confidence.

Hanul Semiconductor announced on November 10 that it had completed its subscription for 300,000 shares in Hanul & Jeju’s small-scale public offering of new shares. This represents approximately 11.1% of the total 2,702,158 shares slated for issuance. At an issue price of 814 won per share, the subscription amount is 244.2 million won.

The total amount sought in this capital increase is 2,199,556,612 won. Subscriptions were accepted through SK Securities from November 9 to 10, and payment is due on November 12. The funds raised will be used for working capital.

Hanul & Jeju plans to use the capital increase to improve the stability of its business operations and focus on strengthening its competitiveness. Hanul Semiconductor, as the largest shareholder, also said it would support the company’s stable business operations and management normalization by subscribing directly.

Kim Baeksan, CEO of Hanul & Jeju and Hanul Semiconductor, said, "Hanul Semiconductor’s subscription for 300,000 shares demonstrates through action our commitment, as the largest shareholder, to responsibly supporting Hanul & Jeju’s management stability and new growth." He added, "Together, management and the largest shareholder will fulfill our responsibilities and make this small-scale offering a meaningful turning point in stabilizing the company’s operating foundation and enhancing its business competitiveness."

He also emphasized, "As CEO of both companies, I will personally oversee efforts to stabilize management and take responsibility for management decisions and their execution. We will deliver changes and results that shareholders and investors can see and restore market confidence."

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