Namyang Dairy Products Cancels Treasury Shares Worth 20.1 Billion KRW to Enhance Shareholder Value and Strengthen Responsible Management

Decision to Cancel 360,500 Treasury Shares

Namyang Dairy Products held a board meeting on the 17th and announced through a disclosure that it decided to cancel treasury shares worth approximately 20.1 billion KRW. This is part of ongoing efforts to enhance shareholder value and responsible management activities since the change of the largest shareholder last year.

This cancellation corresponds to 360,500 shares purchased by Namyang Dairy Products from June to December last year. The scheduled cancellation date is the 24th of this month.

Since the change of the largest shareholder last year, Namyang Dairy Products has strengthened shareholder-friendly activities and worked to enhance shareholder value and corporate value. As part of these efforts, the company has carried out multiple rounds of treasury share repurchases and cancellations. Previously, in September last year, it also canceled treasury shares worth 23.1 billion KRW and conducted a stock split, reducing the par value per share from 5,000 KRW to 500 KRW.

A Namyang Dairy Products representative stated, "Since the change in management control last year, we have promoted various activities to enhance shareholder value based on our commitment to responsible management," adding, "We will continue to do our best to maximize shareholder value while pursuing sustainable growth."

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