Deokyang Energen Acquires 7.3M Shares of DKME and Participates in Rights Offering (Reflecting Stock Split Correction)
Deokyang Energen acquires 7,290,891 existing shares of DKME Co. from DKME Inc. and M Square Global for approx. KRW 22.4 billion (KRW 3,100/3,000 per share)
Concurrently participates in DKME's third-party allotment rights offering (total 6,000,000 new shares), acquiring additional 3,000,000 new shares
Post-acquisition and capital increase, Deokyang Energen's stake in DKME is approx. 19.3% of total shares outstanding of 53,396,308
Counterparty M Square Global's recent financials: assets KRW 44.3B, liabilities KRW 40.1B, equity KRW 4.2B, net income KRW 2.7B, audit opinion 'qualified' (risk factor)
This disclosure corrects stock split (5:1); external valuation report attached
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision to Acquire Stocks and Investment Securities of Other Corporation)