[Market Feature] ANAM Electronics Soars 30% After Treasury Share Buyback and Planned Retirement
The share price of ANAM Electronics surged following the launch of its public tender offer for treasury shares.
As of 9:14 a.m. on March 19, ANAM Electronics was trading at 1,574 won, up 363 won (29.98%) from the previous trading day.
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Starting from this day through April 10, ANAM Electronics announced that it will conduct a public tender offer for 25,657,000 treasury shares, equivalent to a 33.27% stake, at 1,560 won per share. The total scale of the offer is up to 40 billion won. ANAM Electronics stated that the treasury shares acquired through this tender offer will be retired at an appropriate time in the future. The company also announced that it plans to purchase all shares tendered, even if the total number does not reach the target amount.
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