CammSys Calls Extraordinary General Meeting to Approve 5:1 Reverse Stock Split and Par Value Change
CammSys has called an extraordinary general meeting for August 13, 2026, to vote on a 5:1 reverse stock split and revision of the articles of incorporation.
The reverse stock split will consolidate 5 common shares into 1, reducing outstanding shares from 29.2 million to 5.8 million while keeping capital at 14.6 billion KRW.
The purpose is to stabilize stock trading and enhance corporate value; the effective date is September 15, 2026, with trading suspension from September 11 to October 6.
The articles amendment changes the par value from 500 KRW to 2,500 KRW and removes written voting provisions to streamline general meeting procedures.
All four outside directors attended 100% of board meetings in the first half of 2026, approving all agenda items, with average compensation of 10.35 million KRW.
[AI Summary]CammSys's reverse stock split aims to stabilize the stock price by increasing the par value without capital reduction, so no shareholder dilution occurs but short-term price surge is unlikely. While the charter revision improves meeting efficiency, eliminating written voting may inconvenience minority shareholders.