Search results for rights issue
Finance
NH Investment Securities to raise 400 billion won from Nonghyup Financial to strengthen IMA business
NH Investment Securities will launch a 400 billion won paid-in capital increase allocated to its largest shareholder, NH Nonghyup Financial Group. The move aims to strengthen capital to expand its comprehensive investment account (IMA) business, corporate finance linked to it and venture-capital investments. The firm said its net capital ratio was 159.3 percent in the first quarter. Part of the funds will also be used to expand retail credit provision limits.
Games & Commerce
ThumbAge to launch 2 new titles this year, bets on games business with 12.5 billion won rights issue
ThumbAge plans to officially launch 2 new titles this year and accelerate its mid- to long-term lineup by investing funds from a 12.5 billion won rights issue. The company confirmed launches of \'Paladog InvenRise\' and \'Project_RB\'. It said the proceeds will be used for development and global marketing, and allocated to project costs, launch marketing, and server and operating expenses. It also plans follow-on titles using IP inherited from its parent company.
Industry
Hanwha Solutions board joins executives in share purchases
All outside directors at Hanwha Solutions will buy company shares in support of a rights issue, the company said on Sunday. Board chairman Jang Jae-su and outside directors Song Gwang-ho, Bae Seong-ho and Lee A-young said they agreed on the need for the rights issue announced on March 26. Their participation follows earlier share purchase plans announced by senior executives, including Vice Chairman Kim Dong-kwan.
