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Mgame Corp Announces Rights Issue

Thursday, 24 Jan 2013 02:34am EST 

Mgame Corp announced a rights issue of 2,750,000 common shares of par value KRW 500 each at an issue price of KRW 4,310 per share, raising KRW 11,852,500,000 in proceeds. Of this amount, KRW 4,852,500,000 will be used for operations, and KRW 7 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 15% on March 7, 2013, and the shareholders of record on February 8, 2013 will have rights to purchase 0.205471619 new rights shares for each share held from March 7, 2013 to March 8, 2013. The listing date of the new shares is April 1, 2013. HI INVESTMENT & SECURITIES CO.,LTD. and E*TRADEKoreaCo.,Ltd. will be the underwriter. 

Company Quote

-140.0 -3.02%
23 Sep 2014