Shares of Top Run Total Solution, a manufacturer of automotive displays, surged. The increase was influenced by Top Run Total Solution's announcement of a 1-for-1 free share issuance plan.
Top Run Total Solution's stock was traded at 10,400 won in the KOSDAQ market at 1:29 p.m. on the 15th. The stock price increased by 20.23% (1,750 won) compared to the previous day. It is the first time since February that Top Run Total Solution's stock price has exceeded the 10,000 won mark during trading.
On this day, Top Run Total Solution held a board meeting and decided to allocate one new share for every common share as part of the free share issuance. The number of shares of Top Run Total Solution will increase from 19,572,779 to 39,145,558. The record date for the new share allocation is set for the 30th, and the new shares are scheduled to be listed on the 20th of next month.
Top Run Total Solution also announced its management performance for the first quarter (January to March) of this year after the market closed the previous day. Consolidated revenue reached 126.8 billion won, with an operating profit of 1.5 billion won. While revenue for the first quarter of last year showed little difference, operating profit decreased to one-fifth of that amount.