[Special Stock] Namyang Dairy Products Rises on Additional 20 Billion KRW Treasury Stock Purchase...New High
Namyang Dairy Products continued its upward trend for the third day, reaching a new 52-week high during trading.
As of 9:06 AM on the 19th, Namyang Dairy Products is trading at 76,400 KRW, up 4,100 KRW (5.67%) from the previous day. During the session, the price rose to 77,000 KRW, setting a new 52-week high again.
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The news of a share buyback is believed to have influenced the stock price. On the previous day, Namyang Dairy Products held a board meeting and announced a decision to repurchase treasury shares worth a total of 20 billion KRW. Last year, Namyang Dairy Products conducted two rounds of share buybacks, canceling shares worth 43.2 billion KRW. Additionally, in October, the company executed a stock split, reducing the par value from 5,000 KRW to 500 KRW to increase shareholder liquidity.
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