Tobox Korea Decides on Stock Consolidation from 100 to 500 Won

[Asia Economy Reporter Hwang Yoon-joo] Tobox Korea announced on the 7th that it will consolidate its shares, changing the par value per share from 100 won to 500 won.

The company stated, "This is to enhance corporate value and stabilize the stock price by maintaining an appropriate number of shares."

The total number of issued shares will decrease from 48,074,789 shares before consolidation to 9,614,957 shares after consolidation, and the new shares are scheduled to be listed on May 6.