by Ryu Hyunseok
Published 17 Oct.2024 09:36(KST)
Updated 17 Oct.2024 10:16(KST)
Senko announced on the 17th that it acquired approximately 700,000 shares of its own stock for about 1.68 billion KRW. This represents about 2.12% of the total issued common shares.
The company disclosed its plan to repurchase shares on September 6th this year to enhance shareholder value and strengthen responsible management. Additionally, it stated that it will continue to pursue various shareholder return policies based on external growth.
Senko is the only company in Korea possessing electrochemical gas sensor technology and currently exports gas detectors and related equipment to more than 55 countries worldwide. Notably, on the 14th, it obtained China Explosion-proof Certification (CNEx) and Performance Certification (CPA), and simultaneously received its first order worth $100,000, marking its official entry into the Chinese portable gas detector market, with expectations for further order expansion.
Seungcheol Ha, CEO of Senko, emphasized, "This share repurchase is not merely to increase shareholder profits but to express confidence in the company's growth," adding, "We will continue to implement policies to enhance shareholder value and do our best to achieve results in the newly developed Chinese market."
Since the announcement of Senko's share repurchase until its completion, the company's stock price has risen approximately 16.18%.
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