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CItech to Raise KRW 2 Billion in Private Share Placement

PUBT·10/29/2026 02:28:57
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CItech to Raise KRW 2 Billion in Private Share Placement
  • CItech will raise KRW 2 billion through a private placement of 333,334 common shares to its largest shareholder, CNC Technology.
  • The issue price of KRW 6,000 per share represents a 10% discount to the reference price.
  • Proceeds will fund working capital, including raw materials, wages and operating expenses.
  • Payment is due February 12, 2027; the new shares are scheduled to list March 8, 2027.
  • All placement shares will be locked up for one year.


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. CItech 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: 20261029000183), on October 29, 2026, and is solely responsible for the information contained therein.