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Enex Co., Ltd. Announces Rights Issue

Tuesday, 16 Oct 2012 03:05am EDT 

Enex Co., Ltd. announced a rights issue of 20 million common shares of par value KRW 500 each at an issue price of KRW 500 per share, raising KRW 10 billion in proceeds. Of this amount, KRW 5 billion will be used for operations and KRW 5 billion will be used as other funds. The employee stock ownership association will have a preferred right to purchase the new shares at an allocation rate of 20% on November 2, 2012, and the shareholders of record on November 1, 2012 will have rights to purchase 0.43496085 new rights shares for each share held from December 3, 2012 to December 4, 2012. The listing date of the new shares is December 27, 2012. IBK Securities Co., Ltd. will be the underwriter. 

Company Quote

-45.0 -2.28%
11 Jul 2014