The company, which has emerged from bankruptcy restructuring and is being bought by domestic chicken processor Harim, said the capital increase will help fund remaining claims against it.
It will issue 340m shares at KRW 2,500 each to two third parties. Cheil Holdings is buying 272m shares and Poseidon2014 the rest.
It is not clear who is behind the investors, but Cheil will become its biggest shareholder with 47.84%
