[Special Stock] Donggu Bio Pharma's Stock Soars on News of Free Capital Increase... Hits 52-Week High

[Asia Economy Reporter Ji Yeon-jin] Donggu Bio Pharmaceutical's stock price surged after the decision of a free capital increase on the 15th, hitting a 52-week high.

Donggu Bio Pharmaceutical recorded 32,400 KRW during the trading session in the KOSDAQ market on the same day. As of 10:31 AM, it is trading at 304,000 KRW, up 19.25% compared to the previous session.

Earlier, Donggu Bio Pharmaceutical announced that it would issue 18,860,992 new shares as a free capital increase. The new shares will be allocated at a ratio of 2 shares per 1 share to shareholders registered in the shareholder registry on the 3rd of next month.