[Edaily Reporter KIM YOON-JEONG ] HLB innoVation(024850)announced on the 28th that it has decided to conduct a third-party private placement worth 35.9999 billion won to raise funds for working capital and debt repayment.
A total of 2,764,127 new shares will be issued at 13,024 won per share.
The third-party allocation recipient is HLB Life Science, an affiliate of the largest shareholder, and all new shares are scheduled to be subject to a one-year lock-up period.
Of the funds raised, 35 billion won will be used to repay debt, and 999.99 million won will be used for working capital. The debt repayment funds will be used to repay the 35 billion won borrowed from Yuanta Securities Korea.
The payment date is September 7, and the new shares are scheduled to be listed on October 2.
A total of 2,764,127 new shares will be issued at 13,024 won per share.
The third-party allocation recipient is HLB Life Science, an affiliate of the largest shareholder, and all new shares are scheduled to be subject to a one-year lock-up period.
Of the funds raised, 35 billion won will be used to repay debt, and 999.99 million won will be used for working capital. The debt repayment funds will be used to repay the 35 billion won borrowed from Yuanta Securities Korea.
The payment date is September 7, and the new shares are scheduled to be listed on October 2.
