[Asia Economy Reporter Ji Yeon-jin] On the 2nd, Jayjun Cosmetic's stock price soared to the upper limit ahead of the ex-rights date for the free capital increase.
As of 10:28 AM on the same day, Jayjun Cosmetic was trading at 2,040 KRW on the KOSPI market, up 29.94% (470 KRW) compared to the previous trading day.
The company resolved at the board meeting held on May 21 to proceed with both paid and free capital increases, setting June 3 as the record date for the free capital increase. The free capital increase will allocate new shares free of charge at a ratio of 0.2 shares per 1 share owned to shareholders registered in the shareholder registry after last month's paid capital increase (excluding treasury shares).
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