Lotte Biologics Announces 255.3 Billion Won Capital Increase on July 6 for Songdo Facility

According to Yonhap Infomax, Lotte Biologics announced a 255.3 billion won capital increase on July 6 to fund construction of its Songdo Bio Campus Factory 1. The company will issue 4.209 million new shares at 60,658 won per share. The record date for new share allocation is July 20, with subscription by existing shareholders set for August 19.
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