At the extraordinary general meeting on June 2, 2026, the plan for a legal spin-off of the automotive display business (split ratio 0.3536822, new company Neoview) was approved with 99.8% approval
Election of inside director Kim Yong-su (CFO) and outside director Kang Shin-sook (former Suhyup Bank president) approved with 99.7% and 99.6% respectively, terms of 3 and 2 years
Post-split, TOVIS (surviving) retains existing casino monitor business; Neoview (new) to be relisted on KOSDAQ; shareholders receive new shares according to split ratio
Previously on February 2, 2026, the board resolved to cancel treasury shares (part of shareholder return policy); current market cap 265.5B KRW, stock price 17,800 KRW
[AI Summary]The spin-off approval likely leads to a market revaluation of the automotive display business, positively impacting enterprise value; however, short-term price volatility and the new entity's market stabilization pose risks
KOSDAQ Filing Information
Filing: Result of Extraordinary General Meeting of Shareholders