Sambu Construction Announces 33 Million Share Paid-In Capital Increase Under Rehabilitation Plan, Existing Shareholders Face 84% Dilution

Sambu Construction has decided on a third-party allocated paid-in capital increase following court approval of its rehabilitation plan.
33 million new shares at 1,000 KRW each will be issued to Rebuild Sambu Holdings Co., Ltd., raising 33 billion KRW.
The funds will be used to repay rehabilitation secured claims and rehabilitation debts, with a one-year lock-up on new shares.
Total outstanding shares will surge from 6,175,243 to 39,175,243, a 534% increase, diluting existing shareholders to 15.8% ownership.
The controlling shareholder will change under the plan, and the new shares are expected to list on September 1, 2026.
[AI Summary]Sambu Construction's massive capital increase under rehabilitation results in over 84% dilution for existing shareholders, with all proceeds allocated to debt repayment offering no growth reinvestment. The counterparty is a newly formed Special Purpose Vehicle with undisclosed financials, raising transparency concerns. Investors must recognize this as a final-stage restructuring that fundamentally rewrites equity value.