KUK YOUNG G M Calls Extraordinary General Meeting to Approve 10-to-1 Reverse Stock Split
KUK YOUNG G M convenes an extraordinary general meeting on July 24, 2026 to approve a 10-to-1 reverse stock split of common shares.
After the consolidation, total outstanding shares will reduce to approximately 3,489,524 shares and par value will increase from 500 won to 5,000 won.
The purpose is to stabilize stock price and enhance corporate value by maintaining an appropriate number of listed shares.
[AI Summary]The reverse stock split does not change existing shareholder ownership percentages but may lead to a higher stock price due to fewer shares outstanding. Investors should watch for potential short-term price volatility.