Copus Korea hit the upper price limit in early trading on the 29th after news of a large paid-in capital increase.
At 9:40 a.m. that day on the KOSDAQ market, Copus Korea was trading at 1,612 won, up 372 won (30%) from the previous session. Copus Korea climbed to the upper limit (price cap) right after the open.
With Copus Korea moving to carry out a large paid-in capital increase to use as operating funds, buying is seen concentrating as leading content producers join the offering.
That day, Copus Korea disclosed it decided on a third-party allotment paid-in capital increase to raise about 7.5 billion won for operating funds and more. The new shares to be issued through this paid-in capital increase total 5,716,461 common shares. The issue price of the new shares is 1,312 won per share.
Third-party allottees include Artist Studio Co., Ltd. (1,905,487 shares) and Jidam Media Co., Ltd. (1,905,487 shares), among others.
Copus Korea said it plans to use the funds secured through this offering for future business operations and new content production.