PARU Calls EGM to Approve 2:1 Reverse Stock Split for Share Price Stabilization
PARU is convening an extraordinary general meeting on July 16, 2026, to approve a 2:1 reverse stock split of common shares.
The purpose is to stabilize the stock price and enhance corporate value by maintaining an appropriate number of outstanding shares. The total shares will decrease from 41,804,315 to 20,902,157.
The par value will change from KRW 500 to KRW 1,000 per share. Capital stock will be reduced by KRW 500 due to fractional share treatment.
After the reverse split, existing shareholders will hold half the number of shares, but the share price should theoretically double, preserving total value.
[AI Summary]PARU's reverse stock split is a structural measure to reduce share count and improve price stability while maintaining enterprise value. It likely aims to meet listing requirements rather than drive immediate price gains. With no new capital raised or dividend increase, the impact on shareholder value is neutral.