Tuesday, February 22, 2011


UMS: KDR update.
Plans to issue up to 110m new shares to support the issue of 11m KDRs (10:1 share/ KDR ratio), which results in 32% share dilution.
KB Invmt & Securities is the Korean Book Runner.
80% of net proceeds to be used for invmt in PPE and acquisitions, with remainder used for working capital.
Circular to be sent to sh/h for approval to amend company articles to comply with KRX listing rules.
Co will submit the application for KRX listing in due course.

No comments:

Post a Comment