Samyung ENC cancels 2,516,344 shares in 15.64% capital reduction
Bitget2026/09/30 02:54- Samyung ENC set a capital reduction via cancellation of 2,516,344 common shares held by its largest shareholder and related parties.
- Cancellation covers 80% of 3,145,428 shares owned by the controlling shareholder group; par value KRW 500 per share.
- Share capital to fall to KRW 6.79 billion from KRW 8.05 billion; shares outstanding to drop to 13,577,494 from 16,093,838.
- Capital reduction ratio set at 15.64%; record date set for Oct. 12, 2026; new shares slated to list on Dec. 4, 2026.
- Restructuring plan also outlines debt-to-equity swap, a second capital reduction via share consolidation, then a third-party allocated rights offering.
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