[Special Stock] G2 Power Hits Upper Limit for Two Consecutive Days

[Image source=Yonhap News]

[Asia Economy Reporter Junho Hwang] G2 Power is showing strong performance from the beginning of trading on the 11th.

As of 9:16 AM on the same day, G2 Power is trading at 15,500 KRW, up 29.71% from the previous day. There is a buy order limit of about 43 million shares at the upper price limit. The total number of shares is approximately 3.6 million.

The Korea Exchange KOSDAQ Market Headquarters announced on the 9th that G2 Power's rights adjustment due to a free stock dividend would take place on the 10th. The reference price is 9,220 KRW. The rights adjustment means that after the new stock allocation base date passes, the rights to subscribe to new shares disappear, and to maintain fairness between existing and new shareholders, the opening price is artificially lowered according to a certain standard.

When a rights adjustment occurs, the corporate value remains the same, but the stock price drops, creating an effect where the price appears cheaper, which can attract buying interest.