Binatek Decides to Acquire 5 Billion KRW Worth of Treasury Shares for Shareholder Returns... "Confident in Growth"

Vinatek announced on the 6th that it has signed a trust contract with Daishin Securities for the acquisition of treasury shares worth 5 billion KRW. The scale of this treasury share acquisition amounts to 3.4% of the market capitalization as of the previous day, marking the largest scale in history. The period is 6 months, from the 9th of this month to June 9, 2025.

This treasury share purchase not only aims to enhance shareholder value and stabilize the stock price but also carries the meaning of conveying the market's trust in the company's growth potential. The Vinatek board of directors stated that they will continuously pursue long-term shareholder value enhancement through shareholder-friendly policies such as treasury share acquisitions. Vinatek has previously focused on increasing shareholder value by implementing treasury share purchases and annual stock dividends.

Meanwhile, in August, Vinatek raised 27 billion KRW through perpetual convertible bonds to secure investment funds for expanding new businesses and strengthen its business competitiveness.

A company representative said, “Although the cumulative sales for the third quarter were 45.9 billion KRW and a net loss of 4.1 billion KRW was recorded, which did not meet performance expectations, this was due to increased equipment investment costs for early market capture following the expansion of new business opportunities and one-time accounting expenses without cash outflow. We are currently in a transitional period for future market capture.” They added, “The new hydrogen business sector has shown more than 64% sales growth compared to the previous year, and tangible results are becoming visible.”

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