꽁 머니 카지노 to buy back additional KRW 100 billion in shares to boost undervalued corporate value

[by Kang, In Hyo] 꽁 머니 카지노 announced on April 3 its decision to acquire an additional KRW 100 billion (approximately USD 69.2 million) worth of treasury stocks today. This move follows the company’s resolution on the previous day (April 2) to retire a portion of its existing treasury shares.

This marks the third time this year 꽁 머니 카지노 has opted to repurchase treasury stocks. With the inclusion of the latest acquisition at the start of the year, the total value of treasury shares amount to KRW 350 billion. The current transaction involves the acquisition of 589,276 shares, valued at approximately KRW 100 billion. The repurchase will be executed through ‘over-the-counter transactions’ starting on April 4.

The company is actively pursuing not only repurchase but also retirement of treasury stocks. Including the treasury stock retirement announced on April 2, the cumulative value of treasury shares retired or scheduled for buyback this year exceeds 꽁 머니 카지노 800 billion (approximately USD 554.5 million). By not only repurchasing but also retiring these shares, the total number of issued shares is reduced, thereby increasing the value per share. As such, this approach is widely regarded as a representative ‘shareholder-friendly policy.’

In 2024, 꽁 머니 카지노 actively pursued shareholder value enhancement by completing the repurchase of approximately KRW 436 billion in treasury stocks and retiring treasury shares worth approximately KRW 700 billion. This year, the company has further hastened these efforts, continuously repeating the ‘repurchase’ and ‘retirement’ of treasury stocks since the beginning of the year. These actions underscore 꽁 머니 카지노’s commitment to honoring its pledge to shareholders, prioritizing initiatives aimed at enhancing shareholder value.

Looking forward, if the company’s valuation remains undervalued due to unstable domestic and international market conditions, 꽁 머니 카지노 intends to actively implement shareholder-friendly policies. These measures may include additional treasury stock repurchases and retirements, as well as potential dividend increases, within feasible limits, to protect shareholder interests.

“As part of our ongoing efforts to enhance shareholder value and achieve mutual growth, we are actively repurchasing and retiring treasury stocks this year, continuing our efforts from last year,” a 꽁 머니 카지노 official said. “Despite the recent rise in domestic and international uncertainties, the company remains committed to sustained growth while making every effort to maximize shareholder value and profitability.”