Atlas Link Announces 5-to-1 Stock Consolidation... New Shares to be Listed on September 14

OTT set-top box manufacturer Atlas Link (297570) announced on July 22 that it has decided on a 5-to-1 stock consolidation. This consolidation increases the nominal value per share from 100 won to 500 won. The total number of issued shares will decrease from 34.62 million to 6.92 million. The consolidation aims to stabilize the stock price and enhance corporate value through maintaining an appropriate circulating share count. This is classified as a stock consolidation rather than a capital reduction, with the company's capital remaining unchanged at 34.62 billion won. Fractional shares will be paid in cash based on the closing price on the day of new share listing.