DRTec announced Wednesday it will consolidate its shares, raising the par value per share from 100 won to 500 won, to stabilize its share price and enhance corporate value by maintaining an appropriate number of shares in circulation.
The total number of issued shares will decrease from 83,477,056 before the consolidation to 16,695,411 afterward.
The new shares are scheduled to be listed Sept. 10.
"This is a share consolidation that preserves corporate value and is not a capital reduction that decreases paid-in capital," the company said.
jiyoon436@heraldcorp.com
