[Edaily Reporter Park Sun-Yeop ] Mobidays(363260)announced on the 26th that it has decided to conduct a stock consolidation, merging five common shares into one.
As a result of this stock consolidation, the par value per share will change from 500 won to 2,500 won. The total number of issued shares will decrease from 32,163,769 common shares to 6,432,753.
The company explained the purpose of the stock consolidation as “maintaining an appropriate number of shares in circulation, enhancing the appropriateness of the stock price, and improving corporate value and credibility in the capital market.”
This stock consolidation is structured to preserve corporate value. The stock consolidation proposal will be submitted to an extraordinary general meeting of shareholders on August 7. The effective date for the new shares is August 25, and trading is scheduled to be suspended from August 21 through September 7. The new shares are scheduled to be listed on September 8.
As a result of this stock consolidation, the par value per share will change from 500 won to 2,500 won. The total number of issued shares will decrease from 32,163,769 common shares to 6,432,753.
The company explained the purpose of the stock consolidation as “maintaining an appropriate number of shares in circulation, enhancing the appropriateness of the stock price, and improving corporate value and credibility in the capital market.”
This stock consolidation is structured to preserve corporate value. The stock consolidation proposal will be submitted to an extraordinary general meeting of shareholders on August 7. The effective date for the new shares is August 25, and trading is scheduled to be suspended from August 21 through September 7. The new shares are scheduled to be listed on September 8.
