Shares of UNISON, a KOSDAQ-listed company, are weak in early trading on the 20th. This is interpreted as a decline in investor sentiment following the news of a large-scale capital increase decision.
As of 9:58 a.m. on the 20th, UNISON is trading at 1,389 won, down 404 won (22.53%) from the previous trading day.
Earlier, UNISON, a wind power specialist, announced on the 19th that it decided to conduct a capital increase of about 64.2 billion won. It plans to proceed through a method of offering unallocated shares to shareholders, followed by a public offering.
A total of 51 million new shares are set to be issued. The planned issuance price is 1,260 won per share, and the final issuance price will be confirmed on August 29. The new shares are expected to be listed on September 24.
This capital increase is approximately one-fourth of the current market capitalization, raising concerns about equity dilution and contributing to weakened investor sentiment.
The company stated it plans to use the raised funds for operational funding.