SKC Finalizes 1.17 Trillion Won Rights Offering for Debt Repayment and Glass Substrate Investment
SKC will issue 11.73 million common shares at a final price of 99,500 won per share via a rights offering and subsequent public offering, raising a total of 1,167.1 billion won.
Of the proceeds, 577.5 billion won will be used for debt repayment (improving financial structure), 589.6 billion won for acquiring a stake in Absolics Inc. (mass production of glass substrates), and 5.8 billion won for issuance costs.
The debt ratio is expected to improve from 232.75% before the offering to 129.58% after debt repayment, a reduction of 103.17 percentage points; the debt dependency ratio falls from 55.46% to 43.12%.
The final offering price was set as the higher of the lower of the first (70,600 won) and second (125,100 won) prices and 60% of the 3-day volume-weighted average price before the subscription date (99,500 won).
Joint lead underwriters are Korea Investment & Securities, NH Investment & Securities, Samsung Securities, Shinhan Investment Corp., and KB Securities, with a standby underwriting commitment.
The stock price rose from 93,600 won on April 2, 2026, to 156,300 won on May 11, 2026, signaling positive market reception to the capital increase.
KOSPI Filing Information
Filing: [Confirmation of Issuance Terms] Securities Registration Statement (Equity Securities)