Hanwha Solutions Completes Share Buyback and Cancellation
[Asia Economy Reporter Hwang Yoon-joo] Hanwha Solutions announced on the 13th that it has completed the procedures for repurchasing and canceling treasury shares to enhance shareholder value.
Hanwha Solutions invested approximately 29 billion KRW from February 24 to April 21 this year to repurchase 2,014,793 treasury shares. Among these, 1,614,793 shares, about 1% of the common stock issued, were canceled. The remaining approximately 400,000 shares will be retained for employee compensation, such as RSU (Restricted Stock Units) grants.
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Investors will be able to check the reduced total number of shares (159,864,497 shares) through HTS (Home Trading System) and other platforms starting from the 19th, when the change in listing procedures is completed.
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