[Edaily Kwon Oh Seok Reporter] Orient Precision Industries Inc.(065500)announced on the 29th that it will consolidate its shares, with a par value of 500 won per share, at a ratio of 1000 won per share. As a result, the number of issued shares will decrease from 35,742,912 common shares to 17,871,456 shares. 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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Orient Precision Industries Inc. Decides on 500→1,000 Won Stock Consolidation
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