(Seoul = Yonhap News) Reporter Park Won-hee = Kakao[035720]Held a board meeting on the 25th and announced that it had decided to split the price per common stock from 500 won to 100 won in order to expand the number of shares in circulation.
As a result, the number of issued shares of Kakao will increase from 87,844,620 to 443,53,53,100.
The new stock is expected to go public on April 15th. Trading will be suspended on April 12-14.
Kakao plans to propose the agenda at the shareholders’ meeting on the 29th of next month.
