Jinyoung surged to the upper limit on the first day of trading following its stock consolidation.
According to the Korea Exchange, as of 12:36 PM on September 11, Jinyoung's shares were trading at 4,760 won, up 1,095 won (29.88%) from the previous trading day.
Prior to this, Jinyoung's stock trading was suspended from August 21 to facilitate the consolidation process. Trading resumed today after completing the necessary procedures for the change in stock listing.
As a result of the consolidation, Jinyoung's par value per share changed from 100 won to 500 won. Consequently, the reference price for the resumption of trading was set at 3,665 won.
Stock consolidation involves merging multiple shares to reduce the total number of shares while increasing the par value per share. Following this process, Jinyoung has completed the consolidation and resumed trading with the adjusted shares.
Jinyoung specializes in manufacturing functional plastic sheets and films, supplying surface finishing materials for furniture and interior design, as well as industrial materials.
* This article has been translated by AI.
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