Isu Construction Decides to Reduce Stock Par Value from 1,000 Won to 500 Won

[Asia Economy Reporter Han Jinju] Isu Construction, a subsidiary of Isu Chemical, announced on the 22nd that it has decided to reduce the par value of its shares from 1,000 KRW to 500 KRW to cover accumulated losses, improve its financial structure, and enhance shareholder value. The record date for the capital reduction is December 24.

As a result of this capital reduction, the capital stock will decrease from 29,880.44 million KRW to 14,940.22 million KRW. The number of issued shares remains the same, with 25,310,561 common shares and 4,564,828 preferred shares.