ICH Co., Ltd. Announces 5-to-1 Reverse Stock Split to Stabilize Share Price and Enhance Corporate Value
ICH Co., Ltd. board resolved a 5-to-1 reverse stock split on July 22, 2026, merging five existing shares into one new share with par value rising from 500 won to 2,500 won. Total outstanding shares will decrease from approximately 25.8 million to 5.16 million.
The split is a par value consolidation with no change in capital, leaving the market cap of about 15.8 billion won unaffected. The purpose is to stabilize the stock price and enhance corporate value by maintaining an appropriate number of circulating shares.
The proposal will be submitted to an extraordinary general meeting on August 31, 2026. Trading will be halted from September 14 to October 6, 2026, with new shares listing on October 7. Fractional shares will be compensated in cash.
No treasury stock buyback or dividend changes are mentioned. The board decision included one outside director and the auditor, indicating standard governance practices.
[AI Summary]ICH Co., Ltd. announced a 5-to-1 reverse stock split with no capital change, proportionally affecting shareholder value. The move aims to stabilize the stock price but requires shareholder approval and involves a trading suspension period.