Decision on Share Consolidation: 5:1 Ratio to Reduce Outstanding Shares, Aiming for Price Stabilization… No Economic Value Change
Board resolved to consolidate common shares at a 5:1 ratio, reducing total outstanding shares from 45,932,464 to 9,186,492, with par value changing from 100 won to 500 won
Purpose is to stabilize stock price and enhance corporate value by maintaining an appropriate number of outstanding shares; capital will decrease by 400 won due to fractional share treatment (from 4,593,246,400 won to 4,593,246,000 won)
Fractional shares under 1 unit will be paid in cash based on the closing price on the listing date of new shares; schedule may change depending on shareholder meeting approval
[AI Comprehensive Analysis]This share consolidation is a mere adjustment of share count with no real impact on existing shareholders' equity or enterprise value, making it a neutral event for stock price. Apart from minor cash payments for fractional shares, there is no shareholder return effect, and future price trends will depend on the company's fundamental value.