ZUNGWON EN-SYS Decides to Cancel 729,335 Treasury Shares Reducing Outstanding Shares by 2.26% to Enhance Shareholder Value
ZUNGWON EN-SYS has resolved to cancel 729,335 treasury shares held to enhance shareholder value.
The cancellation scheduled for June 29, 2026 will reduce total outstanding shares from 32,209,292 to 31,479,957 a decrease of approximately 2.26%.
This cancellation is executed within distributable profits without reducing capital and is expected to contribute to higher per-share value.
[AI Summary]ZUNGWON EN-SYS's share cancellation without additional cash outflow reduces outstanding shares by over 2% which is a positive signal for EPS and shareholder value likely supporting the stock price.
KOSDAQ Filing Information
[Correction of Description] Decision on Cancellation of Shares