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Daesung Industrial Co Ltd Announces Rights Issue and Issuance of Bonus Shares


Thursday, 18 Apr 2013 04:55am EDT 

Daesung Industrial Co Ltd announced a rights issue of 7,520,000 common shares of par value KRW 5,000 each at an issue price of KRW 7,620 per share, raising KRW 57,302,400,000 in proceeds for equity investments. The employee stock ownership association will have a preferred right to purchase the new shares at an allocation rate of 20% on May 22, 2013, and the shareholders of record on May 15, 2013 will have rights to purchase 1.0408528 new rights shares for each share held from June 19, 2013 to June 20, 2013. The listing date of the new shares is July 5, 2013. DAISHIN SECURITIES CO.,LTD will be the underwriter. The Company also announced that its Board of Directors has decided the issuance of bonus shares to all shareholders in the ratio of 0.5000773:1 (0.5000773 bonus shares for each share held). The Company will issue 6,650,966 new shares of par value KRW 5,000 each as bonus shares to the shareholders of record on June 28, 2013. The listing date of the new shares is July 17, 2013. 

Company Quote

4620.0
75.0 +1.65%
2:00am EDT