Shares of KOSDAQ-listed Jolse were up more than 20% in early trading on the 20th. Buying interest appears to be concentrating on the previously released plan for a third-party allotment capital increase worth 10 billion won.
As of 9:19 a.m. that day, Jolse shares were at 2,795 won, up 22.95% (505 won) from the previous trading day.
On the 18th, Jolse disclosed a plan for a third-party allotment capital increase of about 10 billion won. The issue price for the new shares is 1,595 won, and 6,269,592 common shares are to be issued. The third-party allottee is GP Club.
The company said it plans to use the raised funds as working capital. Once payment for this capital increase is completed, GP Club will become Jolse's largest shareholder.
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