Han Kook Capital Conducts 2-to-1 Reverse Stock Split, Reducing Outstanding Shares from 315 Million to 158 Million to Stabilize Stock Price
Han Kook Capital called an extraordinary general meeting on June 30, 2026 to vote on a 2-to-1 reverse stock split of common shares.
The par value will increase from 500 won to 1,000 won, reducing total outstanding shares from 315,609,576 to 157,804,788.
The total capital remains unchanged at 157.8 billion won, with the stated purpose of stabilizing the stock price and enhancing corporate value.
Fractional shares will be paid in cash based on the closing price on the listing date, and trading will be suspended from July 30 to August 19.
Meanwhile, bankruptcy proceedings are ongoing for a related party transaction with HK Asset Management, but the exposure is only 0.32% of total assets, limiting financial impact.
[AI Summary]The reverse stock split reduces shares and raises par value to boost the stock price, but does not change the capital or existing shareholders' proportional ownership. Given the low stock price and declining market share, the short-term price lift may be limited, and future earnings improvement is needed to sustain any positive effect.