CamSystem to Cancel 30,606 Treasury Shares on October 16
CamSystem's board approved cancelling 30,606 ordinary treasury shares worth KRW 1,502,642,289, cutting total shares to 5,814,358.
CamSystem Inc. said its board approved a decision on October 12, 2026, to cancel 30,606 ordinary shares of treasury stock, according to digitaltoday.co.kr. The scheduled cancellation date is October 16, 2026.
The scheduled cancellation amount is KRW 1,502,642,289, based on book value, with a par value of KRW 2,500 per share.
Before the cancellation, the company had 5,844,964 ordinary shares. After it, that figure will fall to 5,814,358.
The cancellation is based on the proviso of Article 343(1) of the Commercial Act. It reduces total issued shares but does not reduce capital.
Four outside directors attended the board decision, with none absent. Auditors did not attend. The company is not subject to Fair Trade Commission reporting.
Background
CamSystem listed on the KOSDAQ market on May 17, 2001, and operates in the electronic components manufacturing sector. Its 2025 fiscal year consolidated financials showed total assets of KRW 250.4 billion, total liabilities of KRW 195.5 billion and total equity of KRW 54.9 billion, with revenue of KRW 489.9 billion, an operating loss of KRW 11.3 billion and a net loss of KRW 18.6 billion.
Quick answers
How many shares is CamSystem cancelling?
CamSystem is cancelling 30,606 ordinary shares of treasury stock, with a scheduled cancellation date of October 16, 2026.
How many shares will CamSystem have after the cancellation?
Total ordinary shares will fall from 5,844,964 to 5,814,358, according to the company's disclosure.
Will the cancellation reduce CamSystem's capital?
No. The cancellation is based on the proviso of Article 343(1) of the Commercial Act, which reduces total issued shares but not capital.