[DISCLOSURE]
EQUISnZAROO (058530) has decided on a 4.5 billion won (US$3.9 million) capital increase with third party allotment to finance operations, it announced on July 11. It will issue 924,024 shares and offer to First Village, its largest shareholder, and Woojin Fashion Biz. The listing date is July 27.
It will also issue 2,258,720 shares for Yun Eui-seok and 12 others for an 11 billion won capital increase to finance operations, the biotechnology and multi-brand distribution company said in a separate statement.
In addition, it will issue convertible bonds worth 13.5 billion won to finance operations and purchase of other corporation’s stocks, it said in a separate statement.
