Industry

SKC to inject 281 billion won into Absolics to speed glass substrate commercialisation

SKC said on Thursday its board approved a 281 billion won cash investment in Absolics by participating in a shareholder rights offering. SKC will acquire 192,416 new shares allocated in line with its 70.05 percent stake. The investment follows SKC’s 1.17 trillion won rights issue in the first half of this year, when it said it would invest 590 billion won over three years in its glass substrate business.

Finance

DB Securities corporate bond bookbuilding draws 660 billion won of orders for 150 billion won offer

DB Securities said it attracted 660 billion won of valid buy orders in bookbuilding for its unsecured public corporate bonds, against an initial offering size of 150 billion won, a 4.4-to-1 bid-to-cover ratio. It plans to increase the issuance to up to 200 billion won. Orders were 340 billion won for 70 billion won of 1.5-year notes and 320 billion won for 80 billion won of 3-year notes.