Lumens Moves to Consolidate Shares as Delisting Risk Looms

Дата публикации: 09-07-2026 07:44:02

Lumens is facing the risk of being delisted from the Kosdaq under newly introduced exchange regulations. The company is seeking to respond by carrying out a reverse stock split.Lumens disclosed on July 6 that it plans to consolidate every two common shares into one. The proposal will be finalized su

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Lumens is facing the risk of being delisted from the Kosdaq under newly introduced exchange regulations. The company is seeking to respond by carrying out a reverse stock split.

Lumens disclosed on July 6 that it plans to consolidate every two common shares into one. The proposal will be finalized subject to shareholder approval at an extraordinary general meeting scheduled for Aug. 18. The par value per share will be raised to 1,000 won from 500 won, while the total number of issued shares will be reduced to 24,051,534 from 48,103,069. The company said the reverse stock split is intended to "stabilize the share price and enhance corporate value by maintaining an appropriate number of shares in circulation."

The Korea Exchange (KRX) began enforcing its new sub-1,000 won stock policy this month. Companies whose shares remain below 1,000 won for 30 consecutive trading days will be designated as management issues. If the stock price stays below the threshold for 45 consecutive trading days within a 90-trading-day period, the company will become subject to delisting.

Lumens posted operating losses of 1.6 billion won in 2024 and 5 billion won in 2025. The company attributed its weak performance to an economic slowdown and intensifying competition. Its main products are light-emitting diode (LED) chips and LED modules supplied to domestic manufacturers of TVs, notebook PCs and smartphones.

The company's shares have traded below 1,000 won for most of this year. The stock closed at 643 won on Jan. 2 and briefly climbed to 2,100 won on Apr. 17, before falling back to 725 won at the close on July 7.

In March, Lumens appointed Yoon Dae-han, vice president of DTC, as its new chief executive officer in a move widely seen as an effort to improve performance. Former CEO Park Yoon-min resigned after serving for about one year.

DTC is Lumens' largest shareholder with a 21.97% stake. In early 2025, it acquired shares held by former largest shareholder Lumens Holdings (9.89%), former CEO Lee Kyung-jae (8.0%), and related party Kim Soo-yeon (1.33%). Park assumed the CEO position after Lumens was acquired by DTC.

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