OSP conducts free stock issuance with ex-rights price set at 1,963 KRW, implying approximately 43.9% share increase
OSP will carry out a free stock issuance with an ex-rights date of June 19, 2026.
The ex-rights base price is adjusted from 2,825 KRW to 1,963 KRW, indicating an estimated 43.9% increase in outstanding shares.
As a free issuance, no capital is raised, resulting in significant dilution for existing shareholders.
[AI Summary]This free stock issuance substantially increases the share count, diluting existing shareholder value without any capital inflow, thus no contribution to growth. Governance is routine with no special counterparty risk.