[Special Stock] Isu Specialty Chemical Surges 26% on Merger with Precision Chemicals...

Merger Announcement on the 5th Between Isu Exachem's Fine Chemicals Division
Four Consecutive Trading Days of Gains... Stock Split Expected After March General Meeting
Performance Improvement Anticipated from Merger Synergies

Isu Specialty Chemical is showing strong performance. This is interpreted as being influenced by the decision to merge with the precision chemical business division of Isu Exachem.

As of 9:54 AM on the 6th, Isu Specialty Chemical is trading at 247,500 KRW, up 26.54% (51,800 KRW) compared to the previous day. The stock price, which started at 198,300 KRW, up 1.59% from the previous day, has surpassed 200,000 KRW shortly after the market opened and continues to rise. The 52-week high for Isu Specialty Chemical is 450,000 KRW.

Isu Specialty Chemical has been rising for four consecutive trading days since the 1st. After the market closed on the 5th, it announced the merger with the precision chemical business division of Isu Exachem. Additionally, the company will conduct a 5-for-1 stock split following the shareholders' meeting in March. After the stock split is completed, the number of issued shares will increase from 5,598,773 shares (par value 5,000 KRW) to 30,202,985 shares (par value 1,000 KRW).

Through this merger, Isu Specialty Chemical expects to expand its product sales organization and workforce, and to unify the production and distribution of products, thereby strengthening its business competitiveness. It also anticipates positive effects on improving its financial structure, such as cost reduction and increased sales. The company explains that the merger has secured a structure that allows independent management from research and development to production, sales, and marketing, ultimately enabling an increase in the company's corporate value and shareholder value.