Hyundai Bio, Decides on Bonus Issue... 'Strong Performance' on News of Shareholder Return [Special Stock]

[Financial News] Hyundai Bio is showing strong performance during the day on news of its decision on a bonus issue.
As of 11:49 AM on the 11th, Hyundai Bio is trading at 13,200 won, up 22.00% from the previous trading day.
According to the Financial Supervisory Service's electronic disclosure system, Hyundai Bio announced on the 10th that it has decided on a bonus issue, allocating 1 new share per existing share. The total size of the bonus issue is 48,029,352 shares, with the record date set for the 25th, and the new shares are scheduled to be listed on August 14th.
Hyundai Bio plans to focus on shareholder returns by utilizing approximately 24 billion won in capital surplus for the issuance of new shares.


dschoi@fnnews.com Choi Doo-sun Reporter