[Alpha Biz=(Chicago) Reporter Kim Jisun] Solus Advanced Materials announced on the 21st that it decided 100% Bonus Issue by holding a board meeting.

New shares are allocated to common shares, first preferred shares, and second preferred shares at the ratio of one share per share.

The capital increase will issue 45,448,642 new shares, raising the total number of shares issued to 9,904,406. The base date for the allocation of new shares is January 9 next year and the scheduled date for listing of new shares is the 30th of the same month.

The purpose of the Bonus Issue is to boost trading due to the expansion of the number of shares in circulation, contributing to the improvement of shareholder value, the company explained.

The resources needed for the Bonus Issue will utilize the capital surplus held by the company.

 

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