[Featured Stock] Embrain Hits Upper Limit Early in Trading on One-to-One Free Capital Increase News
[Asia Economy Reporter Lee Myunghwan] Embrein is hitting the upper price limit from the beginning of trading on the 10th following the news of its decision to conduct a free capital increase.
As of 9:50 AM on the day, Embrein's stock price rose 29.63% (2,640 KRW) compared to the previous trading day, trading at 11,550 KRW, approaching the price limit of 30%.
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Embrein announced in a disclosure the day before that it will proceed with a one-to-one free capital increase, allocating one new share for each common share. The total number of shares to be issued through the free capital increase is 8,968,459 shares, increasing the total number of issued shares to 17,936,918 after the capital increase. The record date for new share allocation is February 25, and the listing of the new shares is scheduled for March 17.
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