Seoul Electronics & Telecom cuts third-party share sale to 1,806,138 shares, pushes payment date to Oct. 27

Bitget2026/10/02 08:48

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Seoul Electronics & Telecom corrected terms for its third-party paid-in capital increase first filed on Aug. 7, 2026.
New share issuance cut to 1,806,138 common shares from 1,954,394.
Issue price raised to KRW 1,661 from KRW 1,535, based on a KRW 1,847 reference price with a 10% discount.
Payment date moved to Oct. 27, 2026 from Oct. 2, 2026; listing target shifted to Nov. 23, 2026 from Nov. 2, 2026.
Use of proceeds kept broadly intact, including KRW 899,995,218 for working capital, KRW 600,000,000 for debt repayment, KRW 1,500,000,000 for securities acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seoul Electronics & Telecom Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261002000547), on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Seoul Electronics & Telecom cuts third-party share sale to 1,806,138 shares, pushes payment date to Oct. 27

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