[Special Stock] Medicox Plummets on News of 10-for-1 Free Capital Reduction
[Asia Economy Reporter Lee Jung-yoon] Medicox, which decided on a 10-to-1 free capital reduction, is plummeting in the early trading session.
As of 9:37 a.m. on the 12th, Medicox is trading at 534 won, down 23.61% from the previous day.
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Medicox announced the day before that it decided on a 10-to-1 free capital reduction to optimize the capital size and improve the financial structure. Due to this capital reduction decision, the number of issued shares will decrease from 96,286,151 shares to 9,628,615 shares. Additionally, the capital will decrease from 48,143,075,500 won to 4,814,307,500 won.
This content was produced with the assistance of AI translation services.
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