Korea Cable T.V Chung-Buk System Decides 32.23% Capital Reduction to Improve Financial Structure, Delisting Risk Remains
Korea Cable T.V Chung-Buk System has decided a capital reduction by merging 1.476 common shares into 1 share to cover accumulated deficits. The reduction ratio is 32.23% and the record date has been revised to July 14, 2026.
The company's stock trading has been suspended since June 2025 due to a substantive review for listing eligibility, and the suspension continues until a decision on delisting is made after the improvement period. This reduction aims to improve financial structure but delisting risk persists.
Fractional shares less than one share from the consolidation will be paid in cash based on fair value assessment. The number of outstanding shares will decrease from 65,152,039 to 44,152,039 and capital stock will reduce from 32.6 billion won to 22.1 billion won.
[AI Summary]The 32.23% capital reduction by Korea Cable T.V Chung-Buk System is intended to improve financial structure through deficit coverage, but ongoing trading suspension and delisting review may further dampen investor sentiment. Recovery of shareholder value is expected to take considerable time.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Capital Reduction)
Company: Korea Cable T.V Chung-Buk System (066790)
Submission: Korea Cable T.V Chung-Buk System Co., Ltd.