[Market Focus] LS ELECTRIC Resumes Trading After Stock Split...Hits 52-Week High

LS ELECTRIC hit a 52-week high in early trading on April 13.

As of 9:47 a.m. on this day, LS ELECTRIC was trading at 178,100 won, up 13.01% from the previous session.

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Earlier in the session, the stock price rose as high as 188,300 won, setting a new annual high.

LS ELECTRIC executed a 5-for-1 stock split, reducing the par value per share from 5,000 won to 1,000 won. Following a three-day trading halt, the stock resumed trading on this day. As a result, the number of shares increased from 30 million to 150 million.

Although a stock split lowers the par value per share and increases the number of shares in circulation, it does not affect the fundamental value of the company itself.

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