A-Root Decides 500% Stock Dividend for Shareholders... "Enhancing Shareholder Value and Securing New Growth Engines"

[Asia Economy Reporter Hyunseok Yoo] Aroute announced on the 6th through a public disclosure that it has decided to carry out a bonus issue allocating 5 new shares for every 1 common share to activate stock trading and enhance shareholder value. The record date for the new share allocation is July 20, and the scheduled listing date for the new shares is August 10.

The new shares to be issued through this bonus issue amount to 64,238,830 shares, increasing Aroute's total issued shares to 77,091,690 shares (previously 12,847,766 shares) after the completion of the capital increase. Treasury shares of 5,094 were excluded from this bonus issue.

An Aroute official stated, "This bonus issue was conducted as part of enhancing shareholder value and shareholder-friendly policies," adding, "We will become a shareholder-friendly company that communicates with shareholders and investors through this bonus issue."

Aroute, a company specializing in industrial printers, signed an investment contract in May with the anticancer virus specialist company ‘Virocure’, which could become its largest shareholder in the future, and made a first strategic investment.

In June, Aroute incorporated ‘Woojin Gijeon’, an industrial power integrated platform company providing power equipment and solution engineering services to front industries such as semiconductors, displays, and renewable energy, as an affiliate.

This content was produced with the assistance of AI translation services.