[Edaily Reporter Park Jung-Soo ] JINYOUNG CO., LTD(285800)announced on the 29th that it has decided to consolidate five common shares into one. The par value per common share will increase from 100 won to 500 won, and the total number of issued shares will decrease from 17,477,270 to 3,495,454. The general shareholders’ meeting is scheduled for August 7, and the effective date for the new shares is August 25. The new shares will be listed on September 11. Accordingly, trading in the company’s shares will be suspended from August 21 through September 10. The company stated, “We are conducting this stock consolidation to stabilize the stock price and enhance corporate value by maintaining an appropriate number of shares in circulation.”
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JINYOUNG CO., LTD Decides on 5-to-1 Stock Consolidation
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