[Public Notice+] Woojin Decides to Purchase Additional 1 Billion KRW Worth of Treasury Shares... "For Stock Price Stabilization"

[Asia Economy Reporter Hyunseok Yoo] Woojin announced on the 28th that it has signed a trust contract with KB Securities to acquire treasury shares.

Following the announcement in March of acquiring treasury shares worth 1 billion KRW, the company decided to make an additional acquisition within a month. The additional acquisition is also planned to be around 1 billion KRW, and the trust contract period is six months.

A company official stated, “We proceeded with the additional purchase not only to stabilize the stock price but also to strategically utilize the treasury shares in the future.”

He added, “The demand for our main products, nuclear power plant components, remains steady, but due to external factors such as the recent COVID-19 pandemic, the stock price has been excessively undervalued. This year, we expect a performance rebound through the supply of nuclear power plant components for new constructions like Shin-Kori Units 5 and 6, rather than replacements,” he explained.

Woojin is a precision measuring instrument specialist company producing nuclear power plant measuring instruments and automation equipment.

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