Jusung 150billion-won capital increase · HS Hyosung 345billion-won additional acquisition of a Belgian stake
Jusung Corporation announced that, to secure operating funds, it would allocate a 150billion-won third-party allotment capital increase to B&P Jusung, and 3announced the decision on 7 . On the same day, HS Hyosung Advanced Materials announced that it would additionally acquire shares in its Belgian affiliate for 9 . Both transactions involve changes in corporate fund management and overseas ownership structures.345Jusung Corporation announced that, to secure operating funds, it would allocate a
Jusung Corporation and HS Hyosung Advanced Materials each made disclosures related to funds and ownership on 7 .9From an investor perspective, the key point is that two developments—fundraising and the expansion of an overseas stake—were confirmed on the same day.
Jusung Corporation[109070] announced that it had decided on a third-party allotment capital increase for operating funds and other purposes on 7 .9third-party 3capital increase. The issue amount is 150billion won, and the filing stated that the new shares would be allocated to B&P Jusung.
Jusung said the purpose of this capital increase is to secure operating funds. It said the recipient of the new share allocation and the issuance terms would proceed as disclosed.
HS Hyosung Advanced Materials[298050] announced on the same day that it would additionally acquire shares in an affiliated company in Belgium engaged in the research, manufacturing, and sale of secondary battery materials and batteries. The additional acquisition amount is 345hundred million won.
HS Hyosung Advanced Materials announced that the purpose of this additional acquisition is to expand its stake in the affiliate. The scope of activities of the affiliate subject to the acquisition is listed as research, manufacturing, and sales related to secondary battery materials and batteries.
For both companies, the disclosure date was 7 month 9 day. The detailed terms and schedule should be confirmed through additional disclosures by each company.
Sources: 연합뉴스 경제
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