Global game publisher Neorigin's stock reached the upper limit in early trading on the 17th. This was influenced by news of a 100% payment for a paid-in capital increase.
As of 9:27 a.m. on that day, Neorigin's shares were trading at 1,345 won, up 29.95% (310 won) from the previous trading day in the KOSDAQ market. It headed straight to the upper limit shortly after the market opened.
Earlier, Neorigin announced through a disclosure before the market opened that the payment of 2.4 billion won for a third-party allocation of new shares resolved for Coffee Family Corporation had been completed.
Coffee Family Corporation is a company founded by CEO Chen Bo, who is Neorigin's largest shareholder and representative director.
The number of shares to be issued through this paid-in capital increase is 2.65 million shares, with the issue price per share set at 906 won. All issued shares will be held in escrow for one year. The funds raised through the capital increase will be fully utilized as operating funds.