[Edaily Reporter Park Jung-Soo ] ESTaid(239340)announced on the 14th 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 26,979,634 to 5,395,926. The general shareholders’ meeting is scheduled for the 29th, and the effective date for the new shares is September 1. The new shares will be listed on September 21. Accordingly, trading in the company’s shares will be suspended from August 28 through September 18. 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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ESTaid Decides on 5-to-1 Stock Consolidation
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