Major Shareholder's Share Reduction Due to Stock Split… No Change in Ownership Percentage (Rights Adjustment)
Jang In-hwa (major shareholder) saw his holdings decrease exactly by half from 3,865,859 to 1,932,929 shares due to a 2:1 reverse stock split (par value from 500 won to 1,000 won) effective May 2, 2026.
Total outstanding shares also decreased proportionally (from 13,069,808 to 6,534,904), leaving Jang's ownership unchanged at 14.79%.
The reverse stock split is a mere rights adjustment with no dilution or accretion to existing shareholders; no material impact on shareholder value.
[AI Comprehensive Analysis]This filing is a routine administrative report reflecting share changes from a reverse stock split. It has no substantive effect on corporate value or shareholder returns, making it a neutral event for investment decisions.
KOSDAQ Filing Information
Filing: Report on Ownership of Specific Securities by Executives and Major Shareholders