Chinhung International Calls Extraordinary General Meeting for 10:1 Reverse Stock Split to Stabilize Stock Price
Chinhung International has called an extraordinary general meeting on July 31, 2026, to vote on a 10:1 reverse stock split and related amendment to the articles of incorporation.
The consolidation will reduce common shares from 145,471,745 to 14,547,174 and increase par value from 500 won to 5,000 won, aiming to stabilize the stock price.
Related party transactions with largest shareholder Hyosung Heavy Industries totaled 46.6 billion won in first half 2026, representing 8.27% of assets. One outside director received 27 million won in compensation.
[AI Summary]Chinhung's reverse stock split is an administrative measure that reduces share count without changing equity or market cap, neutral for shareholder value. No capital raising or dilution occurs.