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Alteogen Postpones KOSPI Listing, Approves 30% Stock Dividend on July 16

2026-07-16 07:16:20

According to Yonhapinfomax, Alteogen announced on July 16 that it has provisionally postponed its plan to move from the KOSDAQ market to the Korea Composite Stock Price Index (KOSPI). The biotech company simultaneously approved a 30% stock dividend to enhance shareholder value. The company will allocate 0.3 new shares per existing share, with a record date of August 6 and listing expected August 20. The company stated the decision considers current market conditions and government policies supporting KOSDAQ as the primary venue for its continued growth.

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