IntermCorporation completes buyback of 220,000 shares worth 225 million KRW, boosting shareholder value
IntermCorporation completed the acquisition of 220,000 common shares from May 27 to June 17, 2026, at an average price of 1,021 KRW per share, for a total cost of 224,655,848 KRW.
This represents 98% of the planned acquisition amount of 229,240,000 KRW, with the difference due to stock price fluctuations.
After the acquisition, the company's treasury stock holdings increased to 1,401,427 shares, or 6.7% of total outstanding shares.
The buyback is a shareholder value enhancement measure, effectively canceling approximately 1.05% of outstanding shares.
[AI Summary]IntermCorporation's treasury stock acquisition is expected to boost net asset value per share and stabilize the stock price. However, the scale at 1% of outstanding shares may limit immediate impact. Considering stable financials and governance, it is a positive signal for long-term shareholder value.