The automobile electronics specialist DH AUTOWARE is experiencing a sharp drop in its stock price early in the trading session on the 6th.
As of 9:31 a.m. on this day, DH AUTOWARE's shares are being traded at 788 won, down 183 won (18.85%) from the previous trading day on the Korea Securities Dealers Automated Quotations (KOSDAQ).
This appears to be because the day marks the availability for short selling of shares listed through the paid-in capital increase conducted by DH AUTOWARE. New shares becoming available from the paid-in capital increase will be listed on the 10th, and the rights to sell these shares become available from this day. It seems that DH AUTOWARE's stocks are plunging in response to loss cuts.
Earlier, DH AUTOWARE announced that it would pursue a rights offering to raise funds, including for operational expenses, through a public offering of unexercised shares allocated to shareholders. The confirmed issuance price was set at 802 won, and by issuing 18 million new shares, it secured 14.4 billion won in funds.