OSUNG ADVANCED MATERIALS' Stake in Eco Volt Drops 80% Due to Capital Reduction, Ownership Ratio Unchanged at 29.89%
Due to Eco Volt's capital reduction effective May 26, 2026, OSUNG ADVANCED MATERIALS' shares held decreased by 24,261,466 shares (approximately 80%) from 30,326,832 to 6,065,366 shares.
The capital reduction proportionally reduced total outstanding shares, so OSUNG's ownership ratio remained unchanged at 29.89%.
Eco Volt's total issued shares dropped from about 101 million to 20,293,089; this is a routine capital adjustment with no dilution or change in control, having a neutral impact on shareholder value.
[AI Summary]The capital reduction is a mere reverse stock split-like financial adjustment, leaving OSUNG's stake unchanged and therefore having no material effect on shareholder value.
KOSDAQ Filing Information
Filing: Report on Ownership of Specific Securities by Executives and Major Shareholders