[Asia Economy Reporter Kim Hyo-jin] Arion Technologies announced on the 27th that it has decided to execute a reverse stock split, consolidating 30 common shares into 1 share, to improve its financial structure through deficit compensation. The record date for the reverse split is September 2, and the split ratio is 96.67%.
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The capital will decrease from 19,487.12 million KRW before the reverse split to 649.57 million KRW after. The new shares are scheduled to be listed on September 21.
This content was produced with the assistance of AI translation services.
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