[Special Stock] G2 Power Hits Upper Limit Due to Rights Issue Illusion Effect
On the 28th, the KOSPI index opened at 2437.57, up 0.91% (22.04 points) from the previous trading day, as dealers were working in the Hana Bank dealing room in Euljiro, Seoul. The won-dollar exchange rate started at 1306 won, down 7.3 won. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Junho Hwang] On the morning of the 10th, G2 Power's stock price surged to the limit up due to the visual effect of the ex-rights date from a free capital increase.
As of 9:02 AM on the 10th, G2 Power is trading at 11,950 KRW, up 29.61% from the previous day.
The Korea Exchange KOSDAQ Market Headquarters announced on the 9th that G2 Power's ex-rights date for the free capital increase will be implemented on the 10th.
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The reference price is 9,220 KRW. The ex-rights date means the date after which the rights to subscribe for new shares are lost. To maintain fairness between existing and new shareholders, the opening price is artificially lowered according to certain criteria. When the ex-rights date occurs, the corporate value remains the same, but the stock price appears to have dropped.
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