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Lithium Plus Rises 7.25% During Trading on 1.3 Billion Won Third-Party Allocation Capital Increase Decision

Lithium Plus continued its strength on the morning of the 8th. During trading, the share price stood at 2,885 won, up 195 won (7.25%) from the previous day. Rising further from the previous day's close of 2,690 won, the stock climbed into the 2,800-won range. However, as this is an intraday price,

Wooil Shim
Staff Reporter
4 min read
Lithium Plus Rises 7.25% During Trading on 1.3 Billion Won Third-Party Allocation Capital Increase Decision
CBC News

Lithium Plus continued its strength on the morning of the 8th.

During trading, the share price stood at 2,885 won, up 195 won (7.25%) from the previous day. Rising further from the previous day's close of 2,690 won, the stock climbed into the 2,800-won range. However, as this is an intraday price, the gain and trading price may change depending on subsequent transactions.

Another notable point of the day is the decision on a paid-in capital increase.

1.3 Billion Won Third-Party Allocation Paid-In Capital Increase

Lithium Plus has decided on a third-party allocation paid-in capital increase aimed at raising operating funds. For this purpose, the company will issue 480,016 new common shares, with 1,320,524,016 won expected to be raised.

The par value of the new shares is 500 won per share, and the par value is distinct from the new share issue price. The total number of common shares issued before the capital increase was 12,028,967, and the new shares to be issued this time account for approximately 3.99% of the pre-increase common shares.

Whether It Is the Direct Cause of the Stock Price Rise Is Unconfirmed

A third-party allocation paid-in capital increase is a method of securing funds by allocating new shares to specific recipients. While it is a means for the company to raise funds necessary for operations, the issuance of new shares may dilute the equity stakes of existing shareholders.

Although the stock price is showing strength of around 7% on the day, it has not been confirmed whether the capital increase decision is the direct cause of the rise. Regarding the capital increase, detailed conditions such as the allocation recipients, payment schedule, and new share listing date should also be reviewed.

[This article is an informational article based on intraday market prices and the paid-in capital increase decision, and does not recommend the purchase or sale of any specific stock. Stock prices and rates of change may vary depending on the time of compilation, and the capital increase schedule and conditions may change due to corrective disclosures. Investment decisions and the responsibility arising from them rest with the investor. AI assistance was used in writing this article.]

Wooil Shim
Staff Reporter

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