S.H. Asset Plans Open Market Purchase of 400,000 WIZ CORP Shares Worth 752 Million KRW to Boost Shareholder Value, Stake to Rise to 15.93%
Major shareholder S.H. Asset has reported a plan to acquire 400,000 common shares of WIZ CORP in the open market for approximately 752 million KRW.
Following the purchase of 150,000 shares at an average of 2,140 KRW over the past six months, this additional acquisition will raise its stake from 13.29% to 15.93%.
The stated purpose is stock price stabilization and shareholder value enhancement, which serves as a positive signal to the market.
[AI Summary]S.H. Asset's voluntary share purchase plan reduces the float and signals management confidence, supporting the stock price. The 400,000 share acquisition represents 2.6% of outstanding shares, likely improving short-term supply-demand dynamics.
KOSDAQ Filing Information
Report On Transaction Plan Of Specific Securities By Executives And Major Shareholders