Green BTS Solicits Proxies for CCS Chungbuk's June 26 Meeting: 32% Capital Reduction and Board Overhaul Amid Legal Disputes

Green BTS, the largest shareholder, is soliciting proxies for CCS's extraordinary shareholders' meeting on June 26, 2026, which includes a 32.23% capital reduction via share consolidation to cover accumulated deficits and amendments to articles of incorporation to reflect revised commercial law.
This capital reduction reduces outstanding shares from 65,152,039 to 44,152,039, a defensive restructuring that may pressure the stock price in the near term due to financial distress signals.
Multiple ongoing legal disputes, including court-ordered agenda items and director resignations, create significant governance uncertainty and highlight management instability.
[AI Summary]Green BTS leads a proxy fight for CCS's restructuring: a 32% share consolidation for deficit coverage and board changes amid litigation. Short-term shareholder dilution risk is elevated, but long-term capital structure improvement may support recovery.