Minish Technology held a presentation on the subscription of the capital increase for employees on the 13th floor of Minish Dental Hospital on the 25th of last month.
The capital increase is designed to provide an opportunity for leading members of the Minish ecosystem to participate as shareholders, including Minish Technology, Minish Dental Clinic, Minish Pore Institute, and MMC. Representatives from well-known companies who serve as advisors will also participate in the capital increase.
The capital increase will be issued at KRW 76,700 per share (par value KRW 500), based on an enterprise value of KRW 80 billion, and can be subscribed for in increments of 50 shares. The share payment was made on May 1 at 6 p.m. through the Yangjae-dong branch of IBK. After payment, investors will receive a confirmation of non-issuance of shares and will receive an investment confirmation for tax deduction in mid-June after the registration process is completed.
This capital increase is more than just a capital raise, it is a decision to share the future value of the company with our employees and realize shared growth. The funds will be utilized to increase the value of the company by expanding new businesses such as Isalie Dental Consulting and expanding into Japan and North America.
“With the company’s rapid growth, this capital increase will be the last opportunity to invest at an enterprise value of KRW 80 billion,” said In-yong Cho, Head of Governance, “and we hope that members who have been working hard to grow and innovate will accompany us as shareholders.”
