Han Kook Capital Extraordinary General Meeting Approves 2:1 Stock Consolidation

Han Kook Capital held an extraordinary general meeting on June 30, 2026, and approved the agenda for a 2:1 stock consolidation.
The stock consolidation reduces the total outstanding shares from 315,609,576 to 157,804,788, adjusting the share price from 709 KRW to 1,418 KRW.
While the total number of shares is halved, market capitalization remains unchanged, and existing shareholders see their share count reduced by half.
[AI Summary]The stock consolidation aims to boost the per-share price, likely to maintain listing requirements. Without new capital or dividend increases, the reduction in shares does not create fundamental value, but also does not dilute existing shareholders.