[Special Stock] Hyundai Elevator Rises Strongly on Free Capital Increase and Treasury Stock Cancellation
[Asia Economy Reporter Hyungsoo Park] Hyundai Elevator is showing strong performance. The decision on a free capital increase and stock cancellation appears to have influenced the stock price.
As of 12:58 PM on the 18th, Hyundai Elevator is trading at 63,500 KRW, up 11.4% from the previous day.
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Hyundai Elevator announced that it will conduct a free capital increase by allocating 0.5 new shares per one common share. Additionally, it decided to cancel 1,632,000 treasury shares previously acquired, amounting to 87.8 billion KRW.
This content was produced with the assistance of AI translation services.
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