[Market Focus] G2GBio Rises on News of Stock Dividend Allocating Two New Shares Per Share

G2GBio is showing strong performance. This is believed to be due to the announcement of a stock dividend, in which two new shares will be allocated for each existing share.

As of 2:54 p.m. on October 22, G2GBio is trading at 172,200 won, up 8.3% from the previous day.

On this day, G2GBio announced that it has decided to conduct a stock dividend, allocating two new shares for each common share held.

The record date for the allocation of new shares is November 6, and the scheduled listing date is November 25.

The number of new shares to be issued through this stock dividend is 10,839,044. Adding these to the existing 5,419,522 shares, the total number of shares after the stock dividend will be 16,258,566.