Kukdo Chemical Subsidiary Kukdo International Plans KRW 100 Billion Capital Raise

Bitget2026/10/27 05:18

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Kukdo Chemical subsidiary Kukdo International plans to raise KRW 100 billion through a third-party share placement.
The subsidiary will allocate KRW 78.44 billion to acquire LG Chem’s Daesan BPA business.
Proceeds also include KRW 7.56 billion for working capital and KRW 14 billion for IT systems and other acquisition-related costs.
Kukdo Chemical and LG Chem are the planned placement investors.
Payments are expected in November 2026 and the first half of 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kukdo Chemical Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261027800286), on October 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kukdo Chemical Subsidiary Kukdo International Plans KRW 100 Billion Capital Raise

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