iWinPlus, Stock Consolidation to Stabilize Share Price and Enhance Shareholder Value

Major Shareholder iWin Continues Expanding Stake and Strengthening Responsible Management

[Asia Economy Reporter Kwangho Lee] iWinPlus (123010) announced on the 24th through a public notice that stock trading will be suspended from the 27th until the day before the new stock certificate listing date due to a stock consolidation.

Accordingly, the par value per share will change from 100 KRW to 500 KRW. The total number of issued shares will decrease from 153,876,951 shares to 30,775,390 shares.

iWinPlus stated that the stock consolidation was decided to stabilize the stock price and enhance corporate value by maintaining an appropriate number of circulating shares.

An iWinPlus official said, "The stock consolidation is being carried out as part of shareholder-friendly policies aimed at stabilizing the stock price. Recently, the largest shareholder, iWin, has acquired approximately 4.7 million shares (3.09%) through responsible management to expand its stake, and the company is implementing various measures to become a trusted company with confidence in its growth potential."

Meanwhile, iWinPlus recently announced that it will invest 5.1 billion KRW in facilities to secure supply volume due to the rapid increase in demand for autonomous vehicle sensors.

This content was produced with the assistance of AI translation services.