Daishin Information & Communication Enters 2 Billion Won Treasury Share Trust for Cancellation, Reducing Outstanding Shares by 5.24% and Enhancing Shareholder Value
Daishin Information & Communication resolved on June 8, 2026, to enter a treasury share trust contract worth 2 billion KRW with Daishin Securities. The contract period runs until December 7, 2026.
The purpose is to cancel the acquired shares for shareholder value enhancement. The expected number of shares to acquire is 2,012,072, representing approximately 5.24% of total outstanding shares of 38,428,915. The acquisition price is 994 KRW, the closing price on the day before the board meeting, but may vary with market price.
The acquired treasury shares will be cancelled after the trust termination following the share consolidation decided on May 29, 2026. This will reduce outstanding shares, increasing earnings per share and shareholder value.
The acquisition is within the distributable profit limit of approximately 15.3 billion KRW, ensuring financial soundness. The counterparty, Daishin Securities, is a credible listed financial institution providing transaction stability.
[AI Summary]Daishin Information & Communication's 2 billion KRW treasury share buyback and cancellation plan returns capital to shareholders and reduces shares by 5.24%. This positive signal is expected to boost stock price and per-share value without liquidity or debt concerns.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)
Company: Daishin Information & Communication (020180)