[Featured Stock] Cellivery, Sharp Rise Followed by Sudden Drop in Early Trading

[Asia Economy Reporter Park Jihwan] Recently, Cellivery, which had continued its strong performance following the news of a free capital increase, Cellivery, switched from a sharp rise in early trading to a downward trend.

According to the Korea Exchange on the 27th, as of 9:10 AM, Cellivery is trading at 332,900 KRW, down 2.15% (7,300 KRW) from the previous trading day. The stock price, which rose 8.17% to 368,000 KRW in early trading, quickly turned downward.

Cellivery's stock price has maintained a strong trend recently due to the news of a free capital increase. Cellivery decided on a 100% free capital increase, allocating one new share per one existing common share and convertible preferred share. 8,186,107 common shares and 227,507 convertible preferred shares will be issued respectively. The record date for the allocation of these new shares is February 2, and the expected listing date is February 24.