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Syntekabio Announces 2 Billion KRW Third-Party Capital Increase

Technology Services · Packaged Software · yonhap_finance · 2026-08-31

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Syntekabio will raise 2 billion KRW through a third-party capital increase, issuing new shares to Lee Jung-hoon and Synteka Value-Up Investment Fund.

What Happened

Capital Increase Details: Syntekabio has decided to raise approximately 2 billion KRW through a third-party capital increase. The company will issue 1,566,170 new common shares to secure operating funds.

Allocation: The shares are priced at 1,277 KRW per share. The recipients of this allocation are individual investor Lee Jung-hoon and the Synteka Value-Up Investment Fund, each receiving 783,085 shares.

Strategic Rationale: The company stated that the capital increase is intended to improve its financial structure and achieve specific management objectives in compliance with relevant commercial and capital market laws.

Market Impact: This funding initiative is expected to provide the necessary liquidity for the company's ongoing operations and support its long-term financial stability.

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