TONGYANG Approves Stock Consolidation and Treasury Share Cancellation to Enhance Shareholder Value

TONGYANG held an extraordinary general meeting on June 22, 2026 and approved amendments to its articles of incorporation and a 2:1 stock consolidation, reducing the par value from 500 won to 1,000 won and halving the number of outstanding shares.
Prior to the consolidation, the board resolved to cancel approximately 24.44 million treasury shares, adjusting total issued shares to 215,268,520 before the merge. This move is part of a shareholder return policy aimed at increasing per-share value without changing total capital.
Amid a slowdown in construction and weak ready-mix concrete business, the company is diversifying into data centers and new development projects, while refinancing PF loans to stabilize its financial structure. Short-term earnings improvement remains uncertain, but long-term growth drivers are being pursued.
[AI Summary]TONGYANG's stock consolidation and treasury share cancellation focus on optimizing outstanding shares and normalizing per-share value, but without fundamental business growth, a sustained stock price increase is unlikely. Investors should monitor post-consolidation liquidity and fractional share compensation, as well as the progress of new business initiatives.