Nanobrick Decides on 120% Free Capital Increase... "Enhancing Shareholder Value"

[Asia Economy Reporter Hyunseok Yoo] Nanobrick, an advanced nano-materials specialized company, announced on the 10th that it has decided to issue a 120% stock dividend, allocating 1.2 new shares for every 1 common share. The record date for the new shares is January 1 next year, and the listing is scheduled for January 20.

A Nanobrick official stated, "Based on the increase in the number of issued shares through this stock dividend, we aim to enhance stock liquidity and realize shareholder value improvement," adding, "Next year, we plan to deliver more tangible results through expanding sales of the nucleic acid extraction reagent M-Bead and commercializing functional display materials."

Nanobrick is an advanced materials specialized company based on a nano platform. Utilizing its independently established common production base, it continuously develops and launches functional nano-materials that exhibit various properties in response to external signals or stimuli.

Nanobrick entered the security business based on ‘MTX,’ the world’s first and only advanced security material successfully mass-produced. Subsequently, starting with COVID-19 diagnostic extraction reagents, it has been expanding its bio-material business division. Next year, display material products with adjustable transmittance, applicable to electric vehicles and smart windows, are expected to be commercialized.

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