Kwangjin Industries Corrects Actual Issuance Amount Error in Third-Party Rights Offering - Revised to 2B KRW, Confirming Capital Raise Size
Kwangjin Industries corrected its voluntary disclosure of securities issuance results on June 1, 2026, changing the actual issuance amount from KRW 200 million (200,001,640) to KRW 2 billion (2,000,001,640).
The correction was due to a simple numerical error and aligns with the previously resolved third-party allotment rights offering of KRW 2 billion (board resolutions on 2026-05-07, 2026-05-19, 2026-05-22).
Actual shares issued remain 1,020,409 shares at KRW 1,960 per share (10% discount), payment date 2026-06-01, listing expected on 2026-06-12.
This correction resolves confusion for investors who may have mistaken the amount as KRW 200 million; the raised capital is fully intended for operating expenses (general administrative costs), and the dilution risk for existing shareholders remains unchanged at 15.9%.
[AI Summary]The correction of Kwangjin Industries' actual rights offering amount from KRW 200 million to KRW 2 billion confirms the originally planned capital raise, with the negative effects of dilution (15.9%) and use for operating costs still in place, but the correction enhances transparency by eliminating information asymmetry.
KOSDAQ Filing Information
Filing: [Correction of Description] Securities Issuance Results (Voluntary Disclosure) (Third-Party Allotment Rights Offering)