Investment in Subsidiary Soju Story for Traditional Liquor Plant Expansion, Acquisition Schedule Revised
NARA CELLAR amended its disclosure to extend the acquisition date for its subsidiary Soju Story's rights offering, investing approximately 4 billion KRW to acquire new shares for constructing a traditional liquor production facility.
The total investment of 4 billion KRW is split into two tranches: the first 2 billion was paid in August 2025, and the remaining 2 billion is scheduled by September 2026.
Post-acquisition, NARA CELLAR's stake in Soju Story rises to 88.89%, but Soju Story has no revenue and recorded a net loss of around 298 million KRW in 2024, indicating operational risks.
The investment represents 6.32% of equity 63.2 billion KRW, posing limited financial strain. No new shares of NARA CELLAR are issued, so no dilution for existing shareholders.
[AI Summary]NARA CELLAR invests in subsidiary Soju Story for facility expansion, but the subsidiary's poor financials and capital erosion risk cast doubt on return on investment. The absence of dilution supports share price stability, while long-term profitability hinges on successful production ramp-up.
KOSDAQ Filing Information
[Correction of Description] Decision on Acquisition of Stocks and Investment Securities in Other Corporations (Voluntary Disclosure)