SUNJIN BEAUTY SCIENCE Withdraws Physical Division Plan Due to Exceeded Appraisal Rights Limit Despite Shareholder Approval

SUNJIN BEAUTY SCIENCE announced the withdrawal of its physical division plan through a correction filing on June 30, 2026, originally disclosed on May 7, 2026.
The division agenda was approved at a temporary shareholders' meeting on June 10, but the company withdrew the plan because appraisal rights exercised exceeded the 2 billion KRW limit.
The company will carefully review future restructuring considering business environment and shareholder opinions, and stated no additional impact from this withdrawal.
[AI Summary]The withdrawal of the physical division limits short-term stock price shock, but the revealed shareholder opposition may pose a risk for future restructuring initiatives.