[Edaily Reporter Kwon Oh Seok ] KONA I CO.,LTD.(052400)announced on the 14th that it held a board of directors meeting that day and decided on both the cancellation of treasury stock and a stock split. First, KONA I CO.,LTD. decided to cancel 320,000 shares from its holdings of 404,760 treasury shares, within the scope of shares available for disposal. As a result of this cancellation, the total number of issued shares will decrease from 14,563,291 to 14,243,291, and the number of treasury shares held will decrease from 404,760 to 84,760. The estimated cost of the cancellation is approximately 12.22528 billion won, and the scheduled cancellation date is September 30.
In addition, the board of directors also approved a stock split on the same day, allocating 0.5 shares for every 1 common share held. The record date for the stock split is October 30, 2026, and the new shares are scheduled to be listed on November 23, 2026. The funding source is the capital reserve (share premium) of 3,539,630,000 won, and the number of shares to be newly issued through this bonus issue is 7,079,265. The company explained that it expects this bonus issue to increase the number of shares in circulation, thereby enhancing trading liquidity and improving accessibility for small shareholders.