S-Energy to Pursue 10-to-1 Reverse Stock Split...Enhancing Shareholder Value Following Treasury Share Cancellation

S-Energy Co., Ltd. (095910), a comprehensive energy solutions provider, is streamlining its stock trading structure to enhance shareholder value. Following a recent cancellation of treasury shares, the company is also pursuing a 10-to-1 reverse stock split.

On August 14, S-Energy held a board meeting and resolved to propose the 10-to-1 reverse stock split at an extraordinary general shareholders’ meeting scheduled for September 23. If the proposal is approved at the meeting, the company plans to halt stock trading temporarily and proceed with the new listing reflecting the changes on October 28.

This reverse stock split aims to reduce the number of shares in circulation, thereby improving the stability of stock trading and refining the stock trading structure. The company recently canceled 860,275 treasury shares, continuing its efforts to protect shareholder interests. The canceled shares represented approximately 2.31% of the total shares outstanding prior to the cancellation.

The company also reports that its core business is producing tangible results both domestically and internationally. In overseas markets, S-Energy is moving forward step by step with projects based on a memorandum of understanding (MOU) signed with a Middle Eastern partner for the supply of 20 megawatts (MW) of solar modules.

In Japan, its local subsidiary recently signed a contract worth approximately 7.2 billion won with Kamei, a firm listed on the Prime Market, for the repowering construction of the 33MW “Tojo Mega Solar Farm.” In Hong Kong, through a newly established entity, S-Energy is participating in an Asia data center project, while also securing a long-term environmental, social, and governance (ESG) operation and maintenance (O&M) service contract averaging about 3 billion won per year.

Domestically, the company is expanding orders related to eco-friendly infrastructure. In the Incheon Namdong National Industrial Complex renewable energy construction project, S-Energy is exclusively responsible for supplying 6.0MW of high-efficiency solar modules.

The company will also supply a 1.5MW building-integrated photovoltaic (BIPV) system for the Seoul Arena complex cultural facility, scheduled for completion in 2027. Additionally, as the lead institution for a national project totaling 12.9 billion won aimed at “developing and demonstrating highly durable marine solar modules,” S-Energy has also secured core technology connected to the Saemangeum renewable energy hub.

S-Energy plans to accelerate its performance improvement based on this expansion in domestic and international business. By extending its business scope to Japan, Asia, and the Middle East, the company aims to translate these results into tangible performance growth.

Hong Moonkyo, CEO of S-Energy, stated, “The cancellation of treasury shares and the reverse stock split are part of our efforts to enhance shareholder value. Building on our solid domestic performance, we will continue to expand globally, focusing on Japan, broader Asia, and the Middle East, and will ensure that these visible achievements drive a real turnaround in our business results.”

Ultimately, S-Energy is pursuing both enhanced shareholder value through treasury share cancellation and the 10-to-1 reverse stock split, while also striving for a performance turnaround by expanding its solar power, data center, and eco-friendly infrastructure businesses at home and abroad.

This content was produced with the assistance of AI translation services.