Capital Increase Correction: Third-Party Allottees Changed to Insolvent Entities, Payment Postponed to May
Correction to rights offering: payment date postponed from April 28 to May 28, 2026; listing date moved to June 15
Third-party allottees changed from Aerospace Korea Union and JYP M&C Consulting to Hyosung Industrial Development and Ahn Soon-ok
Hyosung Industrial Development has negative equity of -416 million KRW (capital impairment), zero revenue, and net loss of 216 million KRW; very weak financials
Ahn Soon-ok is an individual with no disclosed financials, raising uncertainty about funding ability
Raises concerns about the success of the capital increase and the quality of funds raised
KOSDAQ Filing Information
[Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)