[Special Stock] Korea Petroleum Hits Upper Limit on News of Free Capital Increase

[Asia Economy Reporter Ji Yeon-jin] Korea Petroleum surged to the upper limit and reached a 52-week high on the 25th following its decision to issue a bonus share.

Korea Petroleum began to soar from 9:35 AM that day, and as of 10:30 AM, it was trading at 155,000 won, up 29.74% from the previous day. This price is a 52-week high.

On the same day, Korea Petroleum announced that it decided to issue a bonus share at a ratio of one share per one common share. The newly issued shares amount to 6,142,120 common shares, with the record date for new share allocation set for April 16, and the expected listing date of the new shares is May 7.