Sangsangin Securities experienced a decline of over 6% on the first day of trading following its stock consolidation. As of 9:03 a.m., shares were trading at 4,745 won, down 305 won (6.04%) from the previous trading day.
On this day, Sangsangin Securities conducted a change in listing due to the stock consolidation, merging its par value from 1,000 won to 5,000 won. This reduced the number of shares from 100,837,120 to 21,667,424, effectively a one-fifth decrease. Consequently, the stock price was adjusted to reflect the consolidation ratio, changing from 1,010 won to approximately 5,050 won.
Prior to the consolidation, Sangsangin Securities saw its stock rise by 8.72% to 1,010 won on August 20, after which trading was halted for the consolidation. With the resumption of trading on this day, the stock price is undergoing adjustments.
Sangsangin Securities, which had previously reported losses, is showing signs of improvement. The company achieved a cumulative net profit of 11.1 billion won in the first half of the year, marking two consecutive quarters of profitability. In contrast, it recorded a net loss in the first half of the previous year but has turned a profit across all operational sectors this year. Market attention is also focused on the potential sale of shares by Sangsangin, the company's largest shareholder. On September 6, Sangsangin Securities stated regarding reports of Shinhyup Bank's interest in acquiring the company that "there are currently no concrete agreements," but confirmed that discussions regarding the share sale are ongoing with Shinhyup Bank.
* This article has been translated by AI.
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