Ssangyong Information & Communications Decides Stock Split from 1,000 KRW to 500 KRW per Share
[Asia Economy Reporter Kim Heung-soon] Ssangyong Information & Communications announced on the 15th that it has decided to split its shares, reducing the par value per share from 1,000 won to 500 won to increase the number of outstanding shares. The total number of issued shares will increase from 20,232,017 common shares before the split to 40,464,034 shares after the split. The new shares are scheduled to be listed on May 17, and the trading suspension period is planned from April 29 to May 14.
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