KODACO issues 97.3M shares via debt-to-equity, followed by reverse split

Decision to issue 97,328,655 shares (at 500 won per share, total 48.6 billion won) via third-party allotment debt-to-equity conversion
Action following approval of amended reorganization plan by Suwon Rehabilitation Court; existing shareholders face severe dilution
After conversion, a reverse stock split will be conducted combining new and existing shares

ADVERTISEMENT (250px+)