Soribada, Gamja 'Original Plan Passed'... Positive Signal for Financial Improvement
[Asia Economy Reporter Jang Hyowon] Soribada (CEO Jo Hogyeon) announced on the 10th that the agenda item for capital reduction, which was resolved at the extraordinary general meeting of shareholders held on the same day, was passed with positive support and agreement from the shareholders.
From this point, Soribada stated that it will focus on improving its financial structure, attracting new funds, achieving tangible results in planned projects, and resuming trading.
Soribada said, "We thank the shareholders who trusted and supported the company, and we will repay them with good results through financial improvement and attracting new funds."
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Meanwhile, Soribada will proceed with a capital reduction by consolidating 20 registered common shares into one share of the same par value as of the record date on the 25th, and the new shares are scheduled to be listed on July 15.
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