Search results for rights issue
Finance
Securities firms race to expand size amid IMA, investment bank push, raise 8.7 trillion won
South Korean securities firms are accelerating capital expansion as they compete to enter integrated management accounts (IMA) and become comprehensive financial investment businesses. Thirteen brokerages have raised or are seeking 8.705 trillion won this year through rights issues and hybrid capital securities, about twice last year’s total. KB Securities led with 1.7 trillion won. The capital race is tied to rules that expand permitted businesses based on equity levels, including IMA eligibility at 8 trillion won.
Industry
Absolics decides 401.1 billion won rights issue to commercialise glass substrates
Competition to commercialise semiconductor substrates made of glass has entered a fundraising phase. SKC said its glass-substrate venture Absolics decided on a 401.1 billion won shareholder-allocated rights issue. Absolics plans to use the funds for glass-substrate evaluation and customer certification, and to improve yields and quality through equipment upgrades. Development is proceeding on embedding and non-embedding products. Additional investment will be executed in line with customer evaluations and milestone targets.
Industry
SKC Q2 operating loss of 14.4 billion won narrows 79 percent year-on-year
SKC posted second-quarter sales of 645.4 billion won and an operating loss of 14.4 billion won, it said on Sunday. Sales rose 38.3 percent from a year earlier and the operating loss narrowed 79.0 percent. EBITDA was 29.1 billion won, about triple the previous quarter, remaining positive for a second quarter. The company completed a 1.16 trillion won rights issue and said net debt and leverage fell sharply.
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Industry
Hanwha Solutions sells U.S. venture investment fund for $84.3 million to boost liquidity
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Finance
Woori Investment Securities arranges 600 billion won acquisition financing, largest since launch
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Finance
NH Investment Securities to raise 400 billion won from Nonghyup Financial to strengthen IMA business
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Games & Commerce
ThumbAge to launch 2 new titles this year, bets on games business with 12.5 billion won rights issue
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Industry
Hanwha Solutions board joins executives in share purchases
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Industry
Hanwha Solutions to use 2.4 trillion won to defend credit rating, repay borrowings
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Finance
NH Investment & Securities designated IMA operator, moving to expand risk capital supply
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Finance
KB Securities decides 700 billion won rights issue to boost capital