[Featured Stock] Moadata Hits Upper Limit Following Decision on Free Capital Increase
[Asia Economy Reporter Lee Seon-ae] Moa Data surged following the announcement of a free share issuance.
At 9:42 AM on the 6th, Moa Data's stock price soared to the upper limit, recording the daily price ceiling. It is trading at 25,500 KRW, up 29.77%. The opening price was 21,600 KRW.
The previous day, Moa Data announced that it had decided on a free share issuance, allocating 5 new shares per existing share. Through this free share issuance, 27,029,360 new common shares will be newly issued. The record date for the new shares is the 20th of this month, and the expected listing date is the 10th of next month.
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Moa Data, established in 2014, is a company specializing in AI anomaly detection and prediction solutions. In 2016, it launched Korea's first AI-based ICT monitoring solution AIOps, 'PetaOn Forecaster,' and began expanding its services mainly to public institutions from 2017.
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