코스닥 상장사 모아데이타가 주식 액면병합을 마치고 거래를 재개한 첫날 26% 가까이 급락하고 있다.
On November 11, at 9:22 a.m., MoaData shares were trading at 755 won, down 265 won (25.98%) from the reference price of 1,020 won.
According to the Korea Exchange, MoaData resumed trading today after completing the listing process for its changed shares following the stock consolidation. Trading had been halted from October 20 to November 10.
MoaData initiated the stock consolidation to stabilize its share price and enhance shareholder value, merging five common shares into one. As a result, the par value per share increased from 500 won to 2,500 won, and the total number of shares decreased from 37,523,583 to 7,504,716.
Stock consolidation reduces the number of shares by combining multiple shares into one. While this action does not inherently change the company's value, MoaData has experienced a significant decline on its first day of trading after the consolidation. The company previously faced issues after changing the consolidation ratio from 2-for-1 to 5-for-1, leading to its designation as an unreliable disclosure corporation on November 5. The Korea Exchange imposed a penalty of 4.0 points for altering the consolidation ratio by more than 20%.
On the last trading day before the consolidation, October 19, MoaData's closing price was 204 won. Adjusted for the consolidation ratio, this equates to 1,020 won; however, the stock price fell below 1,000 won shortly after trading resumed, undermining the initial goal of price stabilization.
* This article has been translated by AI.
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