Allocation of paid-in capital increase to a third party to issue new shares
The Company issues new shares to persons other than shareholders by resolution of the board of directors on May 12, 2017 in accordance with the Commercial Act and the provisions of the Articles of Incorporation.
In accordance with the provisions of Article 418, Paragraph 4 of the Commercial Act, the following matters are announced.
- Issuance of new shares -
1. Type and number of new shares: 3,000 registered common shares
2. Issuance price of new shares: 166,670 won per share
3. Method of underwriting of new shares: Allocating new shares to persons other than shareholders by resolution of the board of directors in accordance with Article 418, Paragraph 2 of the Commercial Act and Article 10, Paragraph 2, Item 9 of the Articles of Incorporation
4. Payment due date of new shares: May 29, 2017
May 12, 2017
Minigate Co., Ltd
14th floor, 420 Teheran-ro, Gangnam-gu, Seoul
CEO Hoon Jung