CELLUMED CO., LTD. Capital reduction targeting largest shareholder: 18,761,339 shares of TD Landmark Fund No.1 cancelled for free
CAI summary · Not investment advice
Cellumed will cancel 18.76 million shares held by its largest shareholder for free, cutting its share count by 22.54%; trading is halted from December 14 to January 4 and resumes on January 5.
Capital reduction ratio · common
22.54%
Differential capital reduction on the largest shareholder, free cancellation
Key facts
- New share listing date
- Jan 5, 2027
- Reduction method
- Differential reduction on the largest shareholder: 18,761,339 of the 28,192,370 shares held by 'TD Landmark Fund No.1' are cancelled without compensation
- Reason for reduction
- Offsetting accumulated deficit and improving financial structure
- Reduction record date
- Dec 15, 2026
- Trading suspension period
- Dec 14, 2026 – Jan 4, 2027
- Board resolution date
- Nov 12, 2026
Commentary
AI commentary · Not investment advice
What happened
Celumed plans to cancel 18,761,339 of the 28,192,370 shares held by its largest shareholder, Tidy Landmark Partnership No. 1, without paying for them.
In the company's terms
This is a 22.54% cut in common shares. It is a differential capital reduction (cutting share capital), so only the largest shareholder's shares are reduced. The stated reasons are covering accumulated losses and improving the financial structure. Shares outstanding fall from 83,226,192 to 64,464,853. Share capital falls from KRW 41.61 billion to KRW 32.23 billion. Par value stays at KRW 500 per share.
What changes for shareholders
The shareholders' meeting is scheduled for Nov 27, 2026. The record date for the reduction is Dec 15, 2026. Trading is suspended from Dec 14, 2026 to Jan 4, 2027. The new shares are scheduled to begin trading on Jan 5, 2027.
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