Hanchang Paper Decides to Acquire 2 Billion KRW Treasury Shares, Plan to Cancel 9.11% of Outstanding Shares for Shareholder Value

Hanchang Paper's board decided to acquire 1,086,956 treasury shares worth approximately 2 billion KRW via direct on-market purchases for stock price stabilization and shareholder value enhancement.
The acquisition represents about 9.11% of total outstanding shares, and all acquired shares will be cancelled after completion, reducing share count and boosting EPS.
The company will use part of its retained earnings limit of approximately 42 billion KRW and appointed Hanwha Investment & Securities as the broker.
[AI Summary]Hanchang Paper's decision to acquire and cancel 9.11% of its outstanding shares strongly signals shareholder return commitment. The buyback size relative to market cap of about 9.1% provides positive momentum for the stock price. Investors should monitor the execution timeline as cancellation will occur post-acquisition.