LS Marine Solution: Rights Offering Capital Raise of 278 Billion Won
After the market close on 26 May, LS Marine Solution (060370 KS) announced that it plans to conduct a capital raise worth 278.3 billion won.
LS Marine Solution plans to issue 19.57 million new shares in this capital raise, which represents 60% of its outstanding shares.
Despite the company's strong sales and profit growth, LS Marine Solution's valuation multiples may be a bit too aggressive, especially with the major rights offering that will dilute existing shareholders.
