[Edaily Reporter Park Sun-Yeop ] TOEBOX KOREA, Ltd.(215480)announced on the 26th that it has decided to conduct a third-party private placement worth 3.5621 billion won to raise operating funds.
A total of 1.79 million common shares will be issued through this capital increase. The issue price is 1,990 won per share, and the payment date is July 7. The new shares are scheduled to be listed on July 21.
The recipient of the third-party allocation is GGUMBI Inc. The company explained that it selected the recipient by considering the investor’s intent, payment capacity, and timing in order to achieve its business objectives and secure funds quickly.
The funds raised are expected to be used for launching new brands and expanding online and offline businesses through GGUMBI Inc. and its affiliates.
This capital increase will be conducted via a private placement, and the newly issued shares are scheduled to be registered for mandatory holding with the Korea Securities Depository for one year from the listing date.
A total of 1.79 million common shares will be issued through this capital increase. The issue price is 1,990 won per share, and the payment date is July 7. The new shares are scheduled to be listed on July 21.
The recipient of the third-party allocation is GGUMBI Inc. The company explained that it selected the recipient by considering the investor’s intent, payment capacity, and timing in order to achieve its business objectives and secure funds quickly.
The funds raised are expected to be used for launching new brands and expanding online and offline businesses through GGUMBI Inc. and its affiliates.
This capital increase will be conducted via a private placement, and the newly issued shares are scheduled to be registered for mandatory holding with the Korea Securities Depository for one year from the listing date.
