MIWON COMMERCIAL Completes Treasury Stock Acquisition Worth 4.5 Billion KRW... Average Price 138,632 Won, Expected to Enhance Shareholder Value

MIWON COMMERCIAL completed the acquisition of 32,459 common shares through open market purchases from March 6 to May 28, 2026, for approximately 4.5 billion KRW. The average acquisition price of 138,632 won is about 15% higher than the current market price (120,500 won), reflecting management's view of undervaluation.
The buyback aims to enhance shareholder value, with expected EPS improvement due to reduced shares outstanding. After acquisition, the treasury stock ratio increased to 5.59%.
The largest shareholder, Kim Jeong-don, saw a slight increase in holdings from 847,343 to 847,703 shares due to cancellation of a gift, but this does not significantly affect control.
While share buybacks generally support stock prices, the effect may be limited if the shares are not eventually canceled. Investors should monitor potential cancellation and further buyback plans.
[AI Summary]MIWON COMMERCIAL completed a 4.5 billion won treasury stock acquisition, demonstrating commitment to shareholder value, but the purchase price above current market price may limit further upside. While EPS improvement is likely, without cancellation the impact is muted; the minor change in largest shareholder holdings does not affect control.