FocusHNS Signs 2 Billion KRW Treasury Stock Acquisition Trust Contract to "Enhance Shareholder Value"

Focus HNS has decided to acquire treasury shares to stabilize its stock price and enhance shareholder value.

Focus HNS announced on the 31st that it has signed a trust contract for the acquisition of treasury shares worth 2 billion KRW. The contract period is six months, from tomorrow until April 30, 2025.

A representative of Focus HNS stated, “With the existing business running smoothly and growing expectations for new businesses following the change of the largest shareholder, we judged that the stock price was undervalued. We will continue to consider various measures to enhance shareholder value and corporate value in the future.”

Focus HNS changed its largest shareholder to WeHub in August this year. Subsequently, it held an extraordinary general meeting of shareholders at its headquarters in Dongan-gu, Anyang-si, and added smart card and terminal manufacturing and sales as business objectives.

Recently, the company announced that it will supply safety solutions and artificial intelligence (AI) closed-circuit television (CCTV) to major domestic companies. The goal is to expand market share based on excellent product technology and thorough security.

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