This is an amended filing
KwangjinInd Third-party share issue cut to 685,225 new shares, raising KRW 1.6 billion
KAI summary · Not investment advice
KwangjinInd will issue 685,225 new shares at KRW 2,335 each to two investment partnerships, raising KRW 1.6 billion for operating funds, down from 856,530 shares.
New shares · common
685,225 shares
Shares outstanding before the issue: 7,928,326; previously 856,530
Key facts
- Offering method
- Third-party allotmentSmall offering under KRW 3 billion, no registration statement
- Shares outstanding before offering (common)
- 7,928,326 shares
- Issue price per share
- KRW 2,335
- Discount to reference price
- -10%
- Working capital
- KRW 1.6 billionGeneral administrative expenses; previously KRW 2.0 billion
- Payment date
- Oct 30, 2026
- New share listing date
- Nov 18, 2026
- Board resolution date
- Sep 15, 2026
Commentary
AI commentary · Not investment advice
What happened
KwangjinInd cut the number of new shares in the rights issue it decided in September. The shares go to chosen investors rather than all shareholders (a third-party allotment). New shares fell from 856,530 to 685,225. That is because one partnership's allotment fell from 513,918 to 342,613 shares. The other partnership keeps 342,612 shares. The amount raised fell from KRW 2.0 billion to KRW 1.6 billion.
In the company's terms
The issue price is KRW 2,335 per share. That is a 10% discount to the reference price of KRW 2,591, based on average prices 3 to 5 trading days before subscription. Before the issue, there were 7,928,326 shares outstanding. All the money will go to operating funds such as general administrative costs. The company has corrected this filing several times. The subscription date, payment date, price and allottees each changed along the way.
What changes for shareholders
Payment is due on 2026.10.30, and the new shares are scheduled to list on 2026.11.18. Because the offering is under KRW 3 billion, it is a small public offering that needs no registration statement.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.022026.11.02 | Material Event Report | KRW 10.0 billion |
| 26.10.292026.10.29 | [Amended] Material Event Report | — |
| 26.10.292026.10.29 | [Amended] Material Event Report | KRW 5.0 billion |
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