Dongwon Industries to Halt Stock Trading for 3 Days from 23rd for Stock Split
1/5 Stock Split, Effective from the 25th, Trading Resumes on the 28th
[Asia Economy Reporter Koo Eun-mo] Dongwon Industries will halt trading for three days starting from the 23rd to proceed with a stock split. The split Dongwon Industries shares will take effect on the 25th, and trading will resume from the 28th.
Previously, Dongwon Industries had been simultaneously pursuing a 1-to-5 stock split while merging Dongwon Enterprise to become an integrated holding company. This measure aims to increase corporate and shareholder value by lowering the price per share and increasing the number of circulating shares to activate trading.
Accordingly, the par value per share will decrease from 5,000 won to 1,000 won, and the total number of issued shares will increase fivefold from 9,996,533 shares to 49,982,665 shares.
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A Dongwon Industries official said, “We have been pursuing the stock split to enhance shareholder value while launching the integrated holding company system. We look forward to Dongwon Industries’ corporate value rising further through active communication with the market.”
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