LEENO Industrial, which engages in the semiconductor inspection equipment business, has announced a stock split.
LEENO Industrial announced on the 11th that it decided to split its common stock at a board meeting, dividing one share into five shares. The par value per share will decrease from 500 won to 100 won, and the number of issued shares will change from 15,242,370 shares to 76,211,850 shares.
LEENO Industrial stated that the purpose of the stock partitioning is "to increase the number of circulating shares." This year, LEENO Industrial's average daily transaction volume is 85,800 shares, which is less than half compared to 190,000 shares during the same period last year.
The stock partitioning for LEENO Industrial will be finalized at the regular shareholders' meeting, scheduled for the 26th of next month. If approved by the shareholders' meeting, trading will be suspended from April 10 to April 24, resuming on the 25th of the same month.