Linked Inc. conducts 5:1 reverse stock split; largest shareholder's stake rises from 30.74% to 30.91%
Total voting shares were reduced from 66,844,667 to 13,368,933 through a 5:1 reverse stock split.
The total shares held by filer Min Yongjae and special relations decreased from 20,548,985 to 4,132,766, but the ownership ratio increased slightly from 30.74% to 30.91%.
In addition to the stock merge, reasons include open market purchase (addition of special relation) and expiration of stock option exercise period.
Special relation Gwak Dong-seok acquired 124,851 shares on-market at 401 won per share, newly becoming a special relation.