[Special Stock] '5% Treasury Stock Cancellation' Lionchemtech's Stock Price Surges Over 20%
On the 5th, Lionchemtech showed strong performance. The stock price surged after announcing the cancellation of treasury shares equivalent to about 5% of the recently issued shares.
As of 10:45 AM on the same day, Lionchemtech's stock price was trading at 10,630 KRW, up 23.75% compared to the previous trading day.
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On the 2nd, Lionchemtech announced that it plans to cancel 942,696 common treasury shares on the 12th to enhance shareholder value. The cancellation amount is 8,031,770,000 KRW.
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