[Edaily Reporter Kwon Oh Seok ] SD BIOTECHNOLOGIES CO., LTD.(217480)announced on the 27th that it has decided to consolidate five common shares into one. As a result, the par value per common share will increase from 200 won to 1,000 won, and the total number of issued shares will decrease from 109,733,141 to 21,946,628. The company explained that the purpose of the consolidation is “to stabilize the stock price and enhance corporate value by maintaining an appropriate number of shares in circulation.”
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SD BIOTECHNOLOGIES CO., LTD. Decides on 5-to-1 Stock Consolidation
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