Maniker Decides on 5-to-1 Potato Ratio
[Asia Economy Reporter Lim Hye-seon] Maniker announced on the 25th that it has decided to execute a reverse stock split, consolidating 5 common shares with a face value of 500 won each into 1 share. The capital will decrease from 99,236,290,000 won to 19,847,250,000 won. The number of issued shares will be reduced from 198,422,594 shares to 39,694,518 shares. The regular trading suspension period is scheduled from October 19 to November 2. The new shares are expected to be listed on November 3.
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