Vestas Asset Management, a mid-sized real estate asset management company, has recently selected Samil PwC as its advisory firm to pursue a paid-in capital increase of KRW 10 to 15 billion. Vestas Management will use the funds to repay loans and expand into new businesses. New shares will be issued to attract investors. A certain portion of existing shares can also be sold by investors. Vestas is trying to attract investors since new investments are more difficult to make in the post-COVID-19 environment and high interest. Austerity measures such as reductions to the workforce and cost-cutting were taken, but there is still a need for additional investment. Many […]