On the 23rd, shares went straight to the upper price limit (the top of the daily limit range) at the start of trading on news that VIVIEN will pursue a paid-in capital increase worth 25 billion won.
As of 9:20 a.m. that day on the Korea Exchange, VIVIEN is trading at 10,980 won, up 2,530 won (29.94%) from the previous session.
VIVIEN said in a filing the previous day that it will carry out a third-party allotment paid-in capital increase worth 25 billion won (4,288,164 new shares). Gold 300 Association will acquire all the new shares, and the payment date is July 31. Of the funds raised, 5 billion won will be used as operating capital and 20 billion won will be used for debt repayment.
VIVIEN also decided in early this month to conduct a third-party allotment paid-in capital increase worth 5 billion won, bringing total funds raised this month to 30 billion won.
Expectations for an improved financial structure are seen as the backdrop for the stock's rise. As of the end of the first quarter this year, VIVIEN's total liabilities were 151.8 billion won and total equity was 76.7 billion won. Current liabilities were 131.4 billion won, exceeding current assets (106.1 billion won), leaving short-term liquidity pressure.