Com2uS is set to take action in increasing its capital by 172 million dollars. Not just within Korea, but it is predicted to aggressively start merger and acquisition (M&A) targeting foreign mobile gaming companies.
After an offering to shareholder in June, Com2uS is increasing capital without consideration in August by allotting 0.1 new stocks per 1 common stock. This is going to be followed by capital increase by issuing new stocks by offering forfeited shares for public subscription, and it is planning to raise capital worth about 172 million dollars through these methods.
It is going to issue 1.61 million new stocks that correspond to about 16% of total issued stocks by increasing capital with consideration. By increasing capital without consideration, it is also going to issue 1.17 million additional stocks, which is worth about 10%, to current stockholders and those who participated in capital increase with consideration
Basic date to allot new stocks by capital increase with consideration and due date to be listed are June 25th and August 20th respectively. Basic date to allot new stocks by capital increase without consideration and due date to be listed are August 30th and August 31st respectively.
Com2uS is planning to take action in M&A in the second half of the year, and it is already known that it is already feeling out small Korean businesses to buy them out. It is investing 109 million dollars (120 billion KRW) in just gaming businesses buyouts alone.
Not just focusing on Korean businesses alone, but it is planning to secure highly competitive gaming contents as quickly as possible by acquisition of outstanding foreign gaming businesses and participation in their stocks. It is also focusing on expanding foreign affiliated companies and branches, increasing its global marketing ability, and investing in its global network.
“Through capitals that are raised by capital increases with and without consideration, we are going to invest actively and aggressively into making ourselves as a foundation of becoming the world’s best mobile gaming business.” A person who works at Com2uS emphasized on what the company plans to do with all those capitals that are raised.
Staff Reporter Kim, Siso | siso@etnews.com