Hanchang Paper To Consolidate Shares At 5-To-1 Ratio
HANCHANG PAPER Co., Ltd. announced on the 20th that it has decided to consolidate its shares at a ratio of 5 shares with a par value of 500 won into 1 share with a par value of 2,500 won.
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Accordingly, the total number of issued shares will decrease from 59,667,486 shares to 11,933,497 shares. The purpose of the consolidation is to maintain an appropriate number of shares in circulation.
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