Asia
Samchully Unit to Raise Funds via Rights Offering
Samchully (KRX:004690) said its unit, Sung Gyung Food Co., approved a rights offering, issuing nearly 2.4 million new common shares at 20,970 won apiece, according to a Thursday filing with the Korea Exchange.Existing shareholders will receive 0.418477 new shares for each share held, with the subscription and payment scheduled for July 24.The new shares will be issued at a premium, with the proceeds to be used to repay about 20 billion won of debt and invest 30 billion won in securities issued by other corporations.
KRX:004690
