Sangsin Securities Announces 5-for-1 Stock Consolidation as Share Price Trades at 766 Won on July 13

According to The Fact, Sangsin Securities announced a 5-for-1 stock consolidation on July 13 as its share price trades at 766 won, below the 1,000-won delisting threshold under new South Korean regulations. The consolidation would lower outstanding shares from 108.33 million to 21.67 million, adjusting the post-merger reference price to 3,830 won against the target par value of 5,000 won. South Korea's Financial Services Commission and Korea Exchange strengthened rules on July 1 to designate companies with share prices below 1,000 won for 30 consecutive trading days as managed stocks, with subsequent delisting if recovery targets are not met.

The company reported first-quarter net profit of 8.5 billion won, up approximately 45-fold year-over-year, driven by improved project finance and investment banking performance. Operating profit reached 6.3 billion won, with wholesale brokerage revenue increasing 136 percent to 2.5 billion won.