RF Materials Rights Offering Subscription Rate Reaches 97.41 Percent, Underwriters Absorb Residual Shares, No Public Offering
Of the 500,000 shares offered, 487,029 shares were subscribed, achieving a high subscription rate of 97.41 percent, with oversubscription of 29,312 shares fully allocated.
The remaining 12,971 fractional and residual shares will be taken up by the lead manager and underwriters at their own account, so no public offering will be conducted.
Payment date is June 26, 2026, and the new shares are expected to be listed on July 9, 2026.
The largest shareholder RF HIC is believed to have participated fully to maintain its 41.54 percent stake.
No treasury share purchases or dividends are planned; the consolidated debt ratio is 41.31 percent and current ratio is 266.83 percent, indicating a stable financial position. Contingent liabilities include collateral of approximately 15.1 billion won on land and buildings.
[AI Summary]The high subscription rate of 97.41 percent demonstrates strong existing shareholder commitment, and the underwriters' absorption of residual shares prevents additional dilution from a public offering. Despite a 22 percent discount on the issue price, the confirmed facility investment funding supports production capacity expansion, though the 5.9 percent dilution and discount rate pose short-term stock price pressure.
KOSDAQ Filing Information
Subscription Results of Capital Increase or Equity-Linked Bonds, Etc. (Voluntary Disclosure)