Highvision System Decides to Repurchase Own Shares Worth 10 Billion Won

[Asia Economy Reporter Minji Lee] High Vision System, a specialized company in smartphone camera module inspection equipment, announced on the 26th that it has decided to repurchase its own shares worth 10 billion KRW to stabilize its stock price and enhance shareholder value.

The company decided to acquire a total of 645,161 treasury shares through a board resolution. Accordingly, the number of treasury shares held will increase from 1,105,331 shares to 1,750,492 shares based on the previous day's closing price, and the shareholding ratio will expand from 7.4% to 11.7%.

The treasury shares to be acquired by the company amount to a total of 10 billion KRW based on the previous day's closing price of 15,500 KRW before the board resolution. The purchase method will be direct acquisition on the market, and the company plans to buy shares over six months through a trust contract with IBK Investment & Securities.

A High Vision System official stated, “We decided to repurchase our shares to express our commitment to responsible management and to enhance shareholder value. This decision is also aimed at actively implementing shareholder return policies in a situation where ESG management is becoming increasingly important.”

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