Jeil M&S: Controlling shareholder change

Change in control

An AI model read the opening section of the filing and rated it relative to the company's size. It can be wrong, so check the original filing on DART (Korean).

Jeil M&S undergoes restructuring under its rehabilitation plan, including a reverse stock split and a change of controlling shareholder

Jeil M&S announced a 95.24% capital reduction via reverse split under its court-approved rehabilitation plan and a ₩15.5bn third-party rights offering that will change its controlling shareholder; related news on a court's block of market-cap-based delistings points to policy confusion, but no specific figures or policy impact tied to the stock have been reported.

• 10.13 ★★★★ Plans third-party rights offering under rehabilitation plan; controlling shareholder to change
• 10.13 ★★★★★ Plans reverse stock split to cut capital under rehabilitation plan
• 10.13 ★★ Announces rights offering
• 10.06 ★★ Amended filing: investment agreement transferred, revised contract signed
• 09.18 ★★★★ Files for injunction to suspend delisting decision
• 09.18 ★★★ Trading suspended