Hyungji I&C Confirms Final Rights Offering Price at 1,581 KRW, 28.9% Discount and 65% Dilution

Hyungji I&C has finalized the rights offering price at 1,581 KRW per share as of July 6, 2026. This is the lower of the two-stage prices, with the first price at 2,030 KRW.
The issuance at a 28.9% discount to the current price of 2,225 KRW will result in the issuance of 2.8 million new shares, representing approximately 65% dilution of existing shares outstanding of 4,296,262 shares. This severely impacts existing shareholder value.
The offering includes a general public subscription for unsubscribed shares, and the deep discount ensures substantial dilution, likely exerting strong downward pressure on the stock price.
[AI Summary]Hyungji I&C confirmed a final rights issue price of 1,581 KRW, a 28.9% discount to market, causing a massive 65% dilution. Without clear capital allocation purpose, this severely undermines existing shareholder value and raises governance concerns.