Kumyang Corrects Capital Increase Disclosure: Extends Facility Investment Timeline, Subscription Price Confirmed at 15,000 Won
Kumyang filed a correction to its third-party allotment capital increase decision on June 30, 2026. The amendment extends the facility investment completion periods from June and December 2026 to January and July 2027, respectively.
The rights issue comprises 13 million common shares and 14 million redeemable preferred shares, totaling 27 million shares at 15,000 won per share, a 51.5% premium over the reference price of 9,900 won. Proceeds of 405 billion won will fund battery factory completion and equipment installation.
The subscriber is SKAEEB TRADING & INVESTMENT CO., LTD. All new shares are subject to a one-year lock-up. Payment date is September 30, 2026, with listing expected on October 21, 2026.
[AI Summary]Based on DART filings, Kumyang has amended its 405 billion won capital increase decision, extending the use-of-proceeds timeline. The issue price of 15,000 won represents a significant premium to the current market price, and the lock-up limits near-term selling pressure. While the timeline extension hints at potential factory completion delays, the capital structure and terms remain unchanged, indicating no fundamental alteration to the original plan.
KOSPI Filing Information
[Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)