Dynamic Design "Proceeding with a Bonus Issue to Enhance Shareholder Value"

Tire mold manufacturing and sales company Dynamic Design announced on the 11th a stock dividend of 1 new share per 1 existing share to enhance shareholder value and activate stock trading.

This stock dividend will allocate new shares to existing shareholders at the same ratio, with the record date set for the 26th and the new shares scheduled to be listed on October 21.

The total number of new shares to be issued this time is 17,280,594, increasing Dynamic Design's total issued shares to 34,581,687 after the stock dividend.

A company representative explained, “By expanding the number of issued shares through this stock dividend, we expect a positive impact on activating stock trading, enhancing shareholder value, and improving corporate credibility.”

He added, “Dynamic Design plans to operate a tire mold factory in the Cirebon region of Indonesia within the fourth quarter of this year. Through this, we aim to strengthen cooperation with local tire manufacturers and expand our business into the Southeast Asian market.”