Korean Firms Announce Dividends, Stock Consolidations, Major Stake Changes

Finance|
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By Yoon Min-hyuk
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Ownership Changes

Stick Investment (026890) announced its largest shareholder has changed to The Miri Strategic Emerging Markets Fund LP, which now holds a 24.97% stake.

Share Buybacks and Cancellations

Korea Carbon (017960) decided to cancel 602,114 treasury shares. EnGChem Life Sciences (183490) will cancel 425,327 treasury shares.

Dividend Announcements

Noroo Paint (090350) declared a cash dividend of 400 won per share, representing a 4.6% dividend yield. Asia Paper (002310) approved a cash dividend of 200 won per share with a 2.4% yield. Iljin Holdings (015860) set a cash dividend of 200 won per share at a 2.8% yield. Iljin Electric (103590) announced a cash dividend of 500 won per share with a 0.9% yield. Unitechno (241690) declared a cash dividend of 17 won per share at a 0.5% yield.

Stock Consolidations

SK Securities (001510) will consolidate shares at a ratio that raises the par value to 1,000 won per share from 500 won. Wizcorp (038620) approved a stock consolidation to 2,500 won per share from 500 won. KM Pharmaceutical (225430) will consolidate shares to 500 won per share from 100 won.

Supply Contracts

Now Robotics (459510) signed a 3.7 billion won supply contract with Korea Fukukku, equivalent to 30.68% of its recent annual revenue.

Original reporting by Yoon Min-hyuk for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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