MCNEX Signs 5 Billion KRW Treasury Stock Acquisition Trust Contract to "Enhance Shareholder Value"
[Asia Economy Reporter Kwon Jaehee] MCNEX announced on the 5th that it has signed a trust contract for the acquisition of treasury stocks worth 5 billion KRW to enhance shareholder value and stabilize its stock price.
The contracting institution is Daishin Securities, and the contract period is from July 5, 2022, to January 5, 2023.
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Meanwhile, MCNEX currently holds 143,000 treasury shares (0.80%). Through this trust contract, it will be able to additionally purchase 166,667 shares (0.93%) based on the closing price of 30,000 KRW on the 4th.
This content was produced with the assistance of AI translation services.
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