Yuyu Pharma Conducts 100% Free Stock Dividend... Allocates 1 New Common Share per 1 Existing Share
[Asia Economy Reporter Chunhee Lee] Yuyu Pharma is conducting a bonus issue as part of its shareholder-friendly policy.
On the 16th, Yuyu Pharma announced that it will carry out a 100% bonus issue, allocating one new common share for every one common share, as part of its shareholder-friendly policy to enhance shareholder value.
Through this bonus issue, Yuyu Pharma will additionally issue 7,458,698 common shares and 1,294,945 preferred shares, equivalent to 100% of the common shares. After issuance, the total number of shares will be 18,086,435. The record date for the new shares is the 31st of this month, and the new shares are scheduled to be listed on April 21.
Meanwhile, Yuyu Pharma announced a year-end dividend totaling 1.8 billion KRW on the 8th. The dividend per share is 210 KRW for common shares and 220 KRW for preferred shares.
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Yoo Wonsang, CEO of Yuyu Pharma, stated, "We will continue to implement various shareholder-friendly policies to enhance shareholder value."
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