IWD Decides on 5-to-1 Stock Consolidation; New Shares to Begin Trading on October 2

IWD (084680) announced on July 16, 2026, its decision to consolidate 5 ordinary shares into 1. The consolidation aims to maintain an appropriate number of outstanding shares, with the share price increasing from 1,000 won to 5,000 won per share. The total number of issued shares will decrease from 141.8 million to 28.4 million. Key dates include a shareholder meeting on August 27, 2026, and new shares beginning trading on October 2, 2026. The board approved the consolidation on July 16, 2026, with all outside directors present. While the consolidation does not reduce capital, a 3,000 won capital reduction will occur due to fractional shares, which will be settled in cash. The company's 2025 financials show assets of 405.3 billion won, liabilities of 190.4 billion won, and equity of 214.8 billion won. IWD, listed on KOSPI in July 2005, operates in the precious metals and jewelry manufacturing sector, with a stock price of 656 won on July 16, 2026, down 1.5% from the previous day.