[Asia Economy Reporter Ji Yeon-jin] Haesung TPC surged to the upper price limit on the 29th following news of its decision to issue a bonus share.
Haesung TPC was trading at 24,200 KRW, up 29.76% (5,550 KRW), just 8 minutes after the market opened that day.
The company announced after the market closed the previous day that it had decided to issue a bonus share, allocating 1 new common share for every 1 existing common share. The record date for the new shares is October 13, 2021. The expected listing date for the new shares is November 4, 2021. The newly issued shares amount to 4.63 million common shares.
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