EGM Notice: 32.23% Free Capital Reduction and Delisting Risk
- 32.23% free capital reduction to cover deficits (21,000,000 shares reduced to 44,152,039 shares; 1.476 shares consolidated into 1 share)
- Existing shareholders' share count reduced by approximately 32% without any compensation
- Trading suspended due to listing qualification review; delisting decision pending after improvement period ended
- Extraordinary General Meeting on June 5, 2026, including items on articles amendment and election of directors/auditors
- Two court-ordered director candidates resigned, indicating ongoing governance disputes
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KOSDAQ Filing Information
- Filing: [Correction of Description] Notice of Shareholders' Meeting
- Company: Korea Cable T.V Chung-Buk System (066790)
- Submission: Korea Cable T.V Chung-Buk System Co., Ltd.
- Receipt: 05-21-2026