[Alpha Biz= Kim Jisun] Ottogi announced that it will invest KRW 56.5 billion (approximately USD 41 million) in its U.S.-based subsidiary, Ottogi America Holdings, through a capital increase.
According to a disclosure filed with Korea’s Financial Supervisory Service, Ottogi will acquire 400,000 new shares in Ottogi America Holdings. This investment represents approximately 2.6% of the company’s total equity.
The investment includes a conversion of KRW 35.3 billion in existing loans previously extended to Ottogi America into equity, along with an additional cash injection of KRW 21.2 billion.
The expected acquisition date is June 27, 2025.
Ottogi stated that the purpose of the investment is to expand its presence in the U.S. domestic market.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
