Sambu Construction Announces 95% Stock Merge as Part of Court-Approved Rehabilitation Plan
Sambu Construction has received court approval for its rehabilitation plan on June 26, 2026, leading to a 95% capital reduction via a 20-to-1 stock merge.
The stock merge is part of the plan to improve financial structure, effective July 11, 2026, with fractional shares to be cancelled without compensation.
New shares are expected to be listed on September 1, 2026, and the plan also includes debt-to-equity swaps and a third-party allotment.
[AI Summary]The court-approved rehabilitation plan confirms a 95% capital reduction, severely diluting existing shareholder equity. Additional equity issuance from subsequent steps will further pressure the stock price, posing significant investment risk.