Orient Precision Industries plans 1-for-2 reverse stock split
Bitget2026/09/29 07:20- Orient Precision Industries will execute a 1-for-2 reverse stock split, doubling par value to KRW 1,000 from KRW 500.
- Common shares outstanding set to fall to 17,871,456 from 35,742,912, subject to adjustments for fractional-share cash payments.
- Shareholder meeting scheduled for Nov. 10, 2026; new shares to take effect on Nov. 25, 2026.
- Trading halt slated for Nov. 23 to Dec. 11, 2026; relisting planned for Dec. 14, 2026.
- Move targets price stability, maintenance of an appropriate free float, and improved corporate value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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