[Special Stock] Seonjin Beauty Science Hits Upper Limit on '100% No-Rights Issue'
[Asia Economy Reporter Ji Yeon-jin] Seonjin Beauty Science soared to the daily price ceiling on the 17th following the news of a free stock dividend.
Seonjin Beauty Science has been trading at 19,750 KRW, up 29.93% from the previous day, since 9:55 AM.
![[Special Stock] Seonjin Beauty Science Hits Upper Limit on '100% No-Rights Issue'](http://www.asiae.co.kr/news/img_view.htm?img=2022021615120546916_1644991925.jpg)
The sharp rise appears to be due to the announcement made the previous day about a free stock dividend, allocating one common share per one existing share.
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The newly issued shares amount to 6,087,630 common shares, with the record date set for March 11. The new shares are scheduled to be listed on March 30.
This content was produced with the assistance of AI translation services.
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