C&T Seongjin Decides to Cancel Approximately 390,000 Treasury Shares and Conduct a Bonus Issue
[Asia Economy Reporter Minwoo Lee] C&T Sungsin announced on the 25th that it has decided to cancel 396,400 shares of its common stock. The scheduled cancellation date is the 1st of next month. It also announced that it has decided on a 200% stock dividend, allocating 2 new shares for every 1 common share. Accordingly, 18,677,768 new shares will be issued. The record date for the new shares is the 10th of next month.
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