Daishin Securities Co. on the 8th decided on a third-party paid-in capital increase worth 50 billion won to raise operating funds.
According to the Financial Supervisory Service's electronic disclosure system on the day, Daishin Securities Co. disclosed that it decided on a third-party paid-in capital increase worth 49,999,973,000 won.
The third-party allottee is New Mare Ze Ship Icha Co., Ltd., and 594,530 new shares will be issued as redeemable convertible preferred shares (RCPS) at 84,100 won per share. The ratio to the total number of shares is 1.02%.
Daishin Securities Co. explained that the purpose of this third-party allotment capital increase is "to achieve the company's business management objectives." In particular, it plans to use the funds next year as operating capital to expand credit extension investments to corporations.
In the disclosure, Daishin Securities Co. said, "The registered redeemable convertible preferred shares to be issued this time will be issued as unlisted shares."