Hanssem to Buy Back 30 Billion KRW Worth of Treasury Shares to Enhance Shareholder Value
[Asia Economy Reporter Lee Jung-yoon] Hanssem announced on the 7th that it has decided to repurchase its own shares to defend against a stock price decline following the COVID-19 pandemic.
According to the disclosure, the planned repurchase involves a total of 551,470 common shares, amounting to approximately 30 billion KRW.
The expected repurchase period is from the 8th to July 6th.
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Hanssem explained, "We judged that our stock price was excessively undervalued compared to the corporate value due to concerns over a global economic downturn caused by the COVID-19 impact," and added, "We made this decision to enhance shareholder value."
This content was produced with the assistance of AI translation services.
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