Asia Cement Completes KRW 5 Billion Treasury Stock Trust Termination, Boosting Shareholder Value

Asia Cement terminated its treasury stock trust contract on April 15, 2026, acquiring a total of 408,790 shares, representing approximately 1.12% of total outstanding shares.
The acquisition cost was about KRW 5 billion, nearly exhausting the trust contract amount of KRW 5 billion, with an average purchase price of approximately KRW 12,234 per share at market price.
After termination, the company directly holds 528,156 treasury shares including prior holdings, equivalent to 1.45% of total outstanding shares. The buyback reduces floating shares, potentially boosting EPS and stock price stability.
[AI Summary]Asia Cement's completion of a KRW 5 billion treasury stock acquisition through trust termination reduces outstanding shares, positively impacting shareholder value. Potential future cancellation could further enhance returns.