Wooree Enterprise Calls EGM for 5:1 Reverse Stock Split and Charter Amendment
Agenda includes a 5:1 reverse stock split reducing outstanding shares from 26,223,346 to 5,244,669 and par value from KRW 500 to KRW 2,500.
The extraordinary general meeting is scheduled for July 15, 2026 with electronic voting available.
Outside directors attended 71% to 100% of board meetings; audit committee activities reported.
In 2025, consolidated revenue fell 15.4% to KRW 1,065 billion and operating profit plunged 92.98% to KRW 1.1 billion.
[AI Summary]The reverse split aims to stabilize the stock price by reducing the number of shares, but it does not alter fundamental value or capital structure, resulting in a neutral impact.