[Edaily Reporter Hyera Lee ] WINGS FOOT(335870)announced on the 8th that it has decided to conduct a stock consolidation, combining five common shares into one. As a result of this stock consolidation, the par value per share will change from 100 won to 500 won, and the total number of issued shares will decrease from 16,750,473 to 3,350,094. The new shares are scheduled to be listed on August 28. The company stated, “This stock consolidation is intended to maintain an appropriate number of shares in circulation, stabilize the stock price, and enhance corporate value.”
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WINGS FOOT Decides on 5-for-1 Stock Consolidation
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