As of 2:30 p.m. on June 24, Vivian's shares were trading at 12,550 won, up 1,570 won (14.30%) from the previous trading day. The stock price peaked at 14,270 won during the session, setting a new 52-week high. This marks an increase of more than 40 times compared to the 52-week low of 345 won recorded in March.
Investors are focusing on the large-scale funding plan disclosed the previous day. Vivian announced on June 22 that it would proceed with a 25 billion won capital increase through a third-party allocation. Following this announcement, the stock surged by 30% on June 22 and by 29.94% on June 23, achieving the upper limit for two consecutive trading days.
The new shares will total 4,288,164, with an issue price of 5,830 won per share. The entire amount will be subscribed by the Gold 300 Fund. Of the funds raised, 20 billion won will be used for debt repayment, while approximately 5 billion won will be allocated for operational expenses, including payment for goods.
With this capital increase, Vivian's total number of issued shares will rise from 2,404,344 to 6,692,508. However, investors receiving the new shares will be required to hold them for one year, limiting the short-term supply in the market.
Market analysts believe that this funding could lead to an improvement in Vivian's financial structure. Given that 80% of the raised funds will be used for debt repayment, there are expectations for reduced interest burdens and enhanced financial stability.
Earlier this month, Vivian also announced a 5 billion won capital increase through a third-party allocation, bringing the total funds raised this month to 30 billion won.
* This article has been translated by AI.
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