Winhitech Enters into 2 Billion KRW Share Buyback Trust Agreement, Targeting 12.8% of Outstanding Shares for Price Stabilization and Shareholder Value Enhancement
Winhitech (CEO Song Ja-eun) decided on June 2, 2026, through board resolution, to enter into a 2 billion KRW share buyback trust agreement with Eugene Investment & Securities.
The contract period is from June 2, 2026 to December 1, 2026, with the purpose of stabilizing stock price and enhancing shareholder value.
The expected number of shares to acquire is 1,414,427 common shares, representing approximately 12.8% of total outstanding shares (11,032,229 shares), a significant buyback.
The expected acquisition price is based on the previous day's closing price of 1,414 KRW, but actual prices may vary based on market conditions.
The company currently holds no treasury shares, and no plan for disposal or cancellation of the acquired shares has been disclosed.
[AI Summary]Winhitech's 2 billion KRW share buyback decision, covering about 12.8% of outstanding shares, is expected to positively impact short-term stock price stabilization and shareholder value enhancement. However, the lack of a disclosed plan for disposal or cancellation makes the long-term shareholder return effect uncertain; investors should monitor actual acquisition progress and potential future cancellation.
KOSDAQ Filing Information
Filing: Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)