Not a Penny Stock, but ‘consolidation’... Past Precedents Suggest “There May Be Other Intentions”

조선일보

Lean Right

Factuality

Ownership

Following financial authorities' expressed determination to delist penny stocks (shares priced below 1,000 won), many such stocks have successively announced stock consolidations. However, investors are paying close attention to cases where stocks priced above 1,000 won are also proceeding with reverse stock splits to reduce their outstanding shares. HLB Innovation is a prime example. Recently, HLB Innovation decided to conduct a reverse stock s…