Third-Party Allocation Rights Offering of 990 Million Won Amid Delisting Risk
Raising 989,999,856 KRW (897,552 shares at 1,103 KRW per share) via third-party allocation rights offering to be used as operating funds
Issue price set at 10% discount to reference price (1,225.13 KRW); largest shareholder stake decreases from 38.40% to 36.12%
Consolidated 2025 revenue at 49.7 billion KRW, operating profit of 1.3 billion KRW, net profit of 1.3 billion KRW, though revenue declined year-on-year
Debt ratio at 120.50%, short-term borrowings of 10.9 billion KRW, current portion of long-term borrowings of 7.0 billion KRW indicating high financial burden
Market cap as of April 24, 2026 at approximately 17.3 billion KRW, posing delisting risk as threshold rises to 20 billion KRW in H2 2026
Declining sales in core LCD etching business (21.2 billion in 2023 to 18.1 billion in 2025) and intensifying competition from Chinese players
Ongoing lawsuit regarding defect repairs involving subsidiary Songdo Anny Park Co., Ltd. (508.8 million KRW claim)
No dividends for the past three years; holds 83,800 treasury shares (0.59%)
KOSDAQ Filing Information
Filing: [Correction of Description] Small Amount Public Offering Disclosure Document (Equity Securities)