SKC 1 trillion1671 hundred million won rights offering, subscription rate 113.01%
SKC 1 trillion1671 hundred million won rights offering, existing shareholders’ subscription rate 113.01%. The company plans to use the funds to commercialize glass substrates and strengthen its financial stability.
SKC 18 disclosed the results of its large-scale rights offering subscription. The company said the subscription would help accelerate its business reorganization centered on semiconductors. The size of this rights offering was 1 trillion1671 hundred million won.
The existing shareholders’ subscription rate was 113.01%. The employee stock ownership association’s subscription rate was 131.4%. Both subscriptions exceeded the amount allocated, helping the company raise the funds it had planned.
SKC cited expectations of a rebound in performance and confidence in its semiconductor-centered business reorganization as factors behind the strong subscription. Market assessments said that the improving earnings trend and expectations for the glass substrate business, viewed as a next-generation semiconductor material, had lifted investor sentiment. The company said it was changing its business structure to center on semiconductors.
The company recently 10said it had returned to positive EBITDA after quarters in the red. SKC explained that this momentum was reflected in the subscription results. The company said expectations of a rebound in performance were reflected in investors’ decisions during the fundraising process.
The key future business is semiconductor glass substrates. The company said it is accelerating the commercialization of its glass substrate business. Glass substrates were introduced as a next-generation semiconductor material.
SKC plans to use the funds raised through the paid-in capital increase to secure future growth drivers and strengthen financial stability. The company said it would continue reshaping its business with a focus on semiconductors. It said subscriptions by both existing shareholders and employee stock ownership association members exceeded the target.
Sources: 파이낸셜뉴스 산업
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