[Special Stock] Medicox Surges on First Trading Day After Capital Reduction
![[Special Stock] Medicox Surges on First Trading Day After Capital Reduction](http://www.asiae.co.kr/news/img_view.htm?img=2020112609150132195_1606349701.jpg)
[Asia Economy Reporter Hwang Junho] Medicox is showing a strong performance on the first day of trading resumption after the capital reduction decision. As of 9:51 AM today, Medicox's stock price is 6,680 KRW, up 23.48% from the previous day.
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Earlier, in May, Medicox decided on a 10-for-1 reverse stock split, reducing the number of common shares from 96,286,151 to 9,628,615, citing the need to optimize capital size and improve financial structure. Subsequently, Medicox completed the capital reduction on the 29th of last month, and trading resumed on the 15th.
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