Plutus Completes 50% Reverse Stock Split, Halving Outstanding Shares to 47.7 Million to Improve Financial Structure
Plutus Investment completed a 50% reverse stock split on June 23, 2026, reducing outstanding shares from 95,450,042 to 47,725,021.
The capital reduction aims to cover accumulated deficits and improve the company's financial structure, with capital decreasing from 47.7 billion KRW to 23.9 billion KRW.
The par value remains 500 KRW per share. The record date was June 18, 2026, and the new shares are expected to list on July 8, 2026.
While the reverse split does not directly harm shareholder value, it signals financial distress and may lead to short-term price volatility.
[AI Summary]Plutus's 50% reverse split is a defensive restructuring to eliminate accumulated losses, potentially boosting per-share metrics but requiring sustained profitability for long-term value. Investors should monitor future earnings.