Sangsangin Securities Consolidates Stock 5-to-1 Ahead of Penny Stock Delisting Rule

According to Korea's Financial Supervisory Service's electronic disclosure system, Sangsangin Securities announced on June 30 a 5-to-1 stock consolidation, raising the par value from 1,000 KRW to 5,000 KRW. The decision came one day before the implementation of the Financial Services Commission's delisting reform plan, which aims to remove penny stocks from the market.
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