CITECH completes treasury stock acquisition of 990,372 shares, reducing outstanding shares by 1.90%
CITECH acquired 990,372 treasury shares at an average price of 1,010 KRW per share from June 2 to June 19, 2026, totaling approximately 1 billion KRW. This represents about 1.90% of the total outstanding shares of 52,179,872, nearly exhausting the planned 1 billion KRW.
The acquisition was executed through Samsung Securities, and after the buyback, CITECH holds treasury shares representing 1.90% of total shares. The largest shareholder CNC Technology's stake remained unchanged.
This treasury stock acquisition is seen as a move to enhance shareholder value and stabilize the stock price, with the reduction in outstanding shares expected to boost earnings per share.
[AI Summary]CITECH completed a treasury stock acquisition of approximately 1 billion KRW, reducing outstanding shares by 1.90%. The buyback price slightly above the current market price of 995 KRW signals confidence. This is likely to support shareholder value in the short term.