G&BS Eco Decides 300% Bonus Issue... "Maximizing Shareholder Value"

G&B S Eco will carry out a bonus issue to enhance shareholder value.

G&B S Eco announced on the 11th that it has decided on a bonus issue of 3 new shares for every 1 common share.

As G&B S Eco is recording its highest-ever performance, it decided on this bonus issue as part of its shareholder return policy. Additionally, it is expected that the increase in the number of circulating shares will expand market liquidity. Starting with the bonus issue, the company plans to actively consider various shareholder-friendly policies in the future.

After the completion of the bonus issue, the total number of issued shares of G&B S Eco will increase from the existing 7,506,003 shares to 30,024,012 shares. The record date for the new shares allocation is October 27, and the listing date is scheduled for November 17.

G&B S Eco is a specialized company in eco-friendly process equipment focused on advanced industries such as semiconductors and solar energy. In particular, supported by the growth of the global solar market, it continues to secure solar equipment orders centered on the global big three countries: China, India, and the United States. Sales in the first half of the year recorded 54.8 billion KRW, a 69% increase compared to the same period last year, surpassing 80% of last year's sales.

A company official explained, “Not only in solar energy but also in semiconductors, as front-end industry investments expand, orders for eco-friendly process equipment are steadily increasing, so we expect to continue performance growth this year as well. Through this bonus issue, we will secure liquidity by increasing the number of shares and simultaneously return shareholder value.”

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