KOLMAR Holdings to Buy Back Treasury Shares Worth 20 Billion KRW

Kolmar Holdings announced on the 22nd that it will repurchase its own shares worth 20 billion KRW, equivalent to about 8% of its market capitalization.

[Photo by Korea Kolmar Holdings]

Kolmar Holdings has decided to enter into a trust agreement for the acquisition of treasury stocks with Shinhan Investment Corp. The contract period will be six months starting from the 7th of next month.

This share repurchase was decided as part of the 'Three-Year Shareholder Return Policy to Enhance Shareholder Value' established in July.

A Kolmar Holdings official stated, “This share repurchase is part of our mid- to long-term plan to continuously return value to shareholders,” adding, “We plan to continue multifaceted efforts to enhance shareholder value, not just temporary policies.”

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