February 26, 2021 08:25
Messaging app giant Kakao has unveiled plans for a five-for-one stock split to give more investors access to the coveted shares.
The number of stocks will increase from the present 88 million to more than 440 million.
The closing price of one share on Thursday was a whopping W484,500 (US$1=W1,109).
The split will have to be put to a shareholders' vote next month and, if they agree, happen in mid-April.
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