SK D&D, a KOSPI-listed company, is moving forward with a capital increase of approximately 136.7 billion won, with all funds allocated for debt repayment. The company plans to improve its financial structure through this significant capital increase, which exceeds double the number of existing shares.
On July 28, SK D&D announced in a public disclosure that its board of directors approved a shareholder allocation capital increase, issuing 44,681,000 common shares. The planned issuance price is set at 3,060 won, which would raise about 136.7 billion won.
This capital increase will be conducted exclusively for existing shareholders. Prior to the increase, the total number of issued shares was 18,617,382, meaning the new issuance will represent approximately 240.1% of the existing shares. Each existing shareholder will receive 2.4014179012 new shares for every share they hold.
The company intends to use the entire amount of 13,672,386,000 won raised for debt repayment, with no allocation for facility funds, operating funds, or securities acquisition from other companies.
The planned issuance price was determined by applying a 20% discount to the reference price calculated based on the closing price on July 27, the day before the board resolution. The final issuance price will be confirmed on October 6 after the first and second pricing procedures.
The record date for new share allocation is September 2. Subscription rights certificates will be listed and traded from September 21 to 29, with existing shareholder subscriptions taking place from October 12 to 13. The payment date is set for October 15, and the new shares are expected to be listed on October 28. NH Investment & Securities will serve as the lead underwriter.
Meanwhile, according to financial regulations, a short-selling ban related to this capital increase will be in effect from July 29 until the final issuance price is confirmed on October 6. Any unissued shares resulting from existing shareholder subscriptions and excess subscriptions will be treated as unissued without a public offering.
* This article has been translated by AI.
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