[Public Notice+] iWons, Entered into a 4 Billion KRW Treasury Stock Acquisition Trust Agreement
[Asia Economy Reporter Jang Hyowon] I-ONE S, a specialized company in semiconductor and display components, announced on the 13th that it has signed a trust contract for its own shares worth 4 billion KRW. The purpose of the trust contract is "stock price stabilization and enhancement of shareholder value."
After the return of CEO Moon-ki Lee, the largest shareholder, I-ONE S expressed confidence in achieving operating profit this year through strong personnel reform and profit generation.
The company explained, "The signing of the 4 billion KRW trust contract for treasury shares stems from confidence that visible management performance after CEO Moon-ki Lee's return can increase cash liquidity."
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Meanwhile, I-ONE S is preparing to expand production facilities and lines as global customers' volume is expected to increase in line with the recovery of the global semiconductor and display industry.
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