Wing Yip Food Holdings Group Limited announced a 4:1 share consolidation to stabilize share circulation and enhance corporate value, with key dates including a shareholder meeting on April 22, 2026 and new share listing on June 2, 2026.
Key takeaways
The company approved a 4:1 share consolidation, reducing ordinary shares from 50,330,928 to 12,582,732.
The stated capital per share will increase from KRW 1,359 to KRW 5,437 after consolidation.
A general meeting of shareholders is scheduled for April 22, 2026 to consider the consolidation resolution.
New shares are scheduled to begin trading on June 2, 2026 following a trading halt from May 6 to June 1, 2026.
Fractional shares will be settled with cash based on the closing price on the first trading day of new shares.
The consolidation is for maintaining corporate value and does not constitute a capital reduction.