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Three drug makers to issue 'new shares'

Published: 2007-12-18 06:56:00
Updated: 2007-12-18 06:56:00
Korea's leading pharmaceutical firms Yuhan Corporation, Hanmi Pharm and Choong-wae Pharm has decided to issue new free shares at the ratio of 0.05, 0.05 and 0.03 per share.

Yuhan, Hanmi and Choong-wae will issue 459,688 shares, 399,477 shares and 131,660 shares, respectively from January 1, 2008.

The free issue of new shares enables companies to distribute additional compensation to the...

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