SKC Sets 1.2 Trillion Won Rights Issue to Fund Glass Substrate Push

SKC is moving to secure funds for its new semiconductor glass substrate business and strengthen its balance sheet through a rights issue worth 1.1671 trillion won. The company said the final issue price has been set at 99,500 won per share. The capital raising is focused on giving SKC room to invest in glass substrates, a new business area tied to semiconductor materials. The proceeds are also expected to be used to improve the company’s financial structure. As SKC pursues both investment in semiconductor materials and financial stabilization, attention will turn to how the funds are deployed and how its financial indicators change. Source: mk.co.kr