Sajodongaone Calls Extraordinary General Meeting to Approve Stock Consolidation, Outstanding Shares to Drop by 90%
Sajodongaone will hold an extraordinary general meeting on July 29, 2026 to approve a stock consolidation that changes the par value from 500 KRW to 5,000 KRW.
As a result, the total number of outstanding shares will decrease by a factor of 10 from 141,144,600 to approximately 14,114,460 shares, and the stock price is expected to rise proportionally from 855 KRW to 8,550 KRW.
The consolidation reduces only the share count without altering the company's capital, leaving market capitalization unchanged.
This move appears aimed at maintaining listing requirements or stabilizing the stock price.
[AI Summary]Sajodongaone's stock consolidation is a policy action that does not involve capital changes or fundraising. It results in no substantive impact on existing shareholders' ownership or corporate value aside from a proportional price increase. Accordingly, all dimensions score neutral 5, yielding a final score of 5.
KOSPI Filing Information
Resolution To Convene A General Meeting Of Shareholders