[Featured Stocks] Celltrion and Healthcare Surge Over 5% Following Share Buyback Decision
[Asia Economy Reporter Ji Yeon-jin] Celltrion and Celltrion Healthcare, which decided to repurchase their own shares, are showing gains of over 5% on the 11th.
As of 10:16 AM on the day, Celltrion is trading at 196,500 KRW on the KOSPI market, up 5.08% from the previous day. Celltrion Healthcare, listed on KOSDAQ, is also recording 81,800 KRW, up 7.63% from the previous day.
![[Featured Stocks] Celltrion and Healthcare Surge Over 5% Following Share Buyback Decision](http://www.asiae.co.kr/news/img_view.htm?img=2019091709302766960_1568680227.jpg)
The day before, Celltrion and Celltrion Healthcare held board meetings and announced that they decided to repurchase their own shares to stabilize stock prices and enhance shareholder value.
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Celltrion plans to repurchase a total of 547,946 shares, with an estimated acquisition amount of about 100 billion KRW. Celltrion Healthcare plans to repurchase a total of 673,854 shares, with an estimated acquisition amount of about 50 billion KRW. Currently, the treasury shares held are 1,323,130 shares for Celltrion and 1,736,205 shares for Celltrion Healthcare.
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