MHETHANOL Completes KRW 371 Million Treasury Stock Buyback, Reducing Outstanding Shares by 1.22% to Boost Shareholder Value
MHETHANOL acquired a total of 90,251 treasury shares through open market purchases from June 5 to June 22, 2026, at a total cost of approximately KRW 371 million.
The acquisition closely matched the planned amount approved by the board, representing about 1.22% of total outstanding shares.
The company's treasury shareholding increased to 14.34%, which could be used for future capital efficiency or shareholder return policies.
The largest shareholder CEO Choi Dong-ho's stake remained unchanged.
[AI Summary]MHETHANOL's treasury stock buyback reduces outstanding shares by 1.22%, potentially improving earnings per share and providing stock price support. This buyback reflects a commitment to shareholder value enhancement, though the scale is modest.