JS Link delays payment and listing dates for Lynas Rare Earths rights issue by two weeks due to foreign exchange procedures
JS Link has filed an amendment to its previously announced 53.3 billion KRW third-party allotment rights issue for Lynas Rare Earths Limited, delaying the payment date and listing date by two weeks to July 30, 2026 and August 20, 2026 respectively.
The delay is due to additional time required for Lynas Rare Earths' foreign exchange procedures for domestic investment. All other key terms remain unchanged: issue price of 32,000 KRW per share, 1,668,531 new shares, and a one-year lock-up period.
Proceeds will be fully used for investment in permanent magnet production facilities at its Malaysian subsidiary JS LINK MAGNETICS MALAYSIA.
[AI Summary]This amendment reflects a procedural schedule adjustment due to the foreign investor's FX procedures. Core terms such as deal size, price, and lock-up remain unchanged, limiting incremental impact on existing shareholders. The 4.8% dilution and one-year lock-up remain in effect.
KOSDAQ Filing Information
[Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)