[DISCLOSURE] LIG Nex1 (079550) said on July 8 that the plan to build a second factory in Gimcheon, South Gyeongsang Province, was reported to the board of directors in September 2015 before the company went public, in response to Korea Exchange’s inquiry regarding media reports on a new arms factory.

The mentioned signing of an MOU with Gimcheon City was mainly for administrative support for building the factory, the defense company added.