Daishin Information & Communication Calls 39th AGM with Reverse Stock Split and Articles Amendments

Daishin Information & Communication convenes its 39th Annual General Meeting on June 26, 2026, with five agenda items including approval of financial statements, a reverse stock split, amendment of articles of incorporation, election of directors, and setting compensation limits.
The company reported record performance for fiscal 39: revenue of 259.5 billion KRW up 27% year-on-year, operating profit of 15.9 billion KRW, and net income of 12.58 billion KRW, with EPS of 327 KRW.
Shareholder return includes a cash dividend of 30 KRW per share totaling approximately 1.15 billion KRW, representing a dividend yield of 2.8%.
The proposed reverse stock split consolidates shares at a 5:1 ratio, reducing outstanding shares from 38.4 million to approximately 7.7 million, with par value changing from 500 KRW to 2,500 KRW.
Director nominations include re-election of inside director Choi Hyun-taek and new appointment of certified public accountant Yang Cheol-seong as outside director.
[AI Summary]This shareholder meeting agenda is neutral for shareholder value. The reverse stock split does not alter fundamental equity value, and the company's strong financial performance is overshadowed by a lack of major growth capital initiatives. The governance structure remains stable.