COWINTECH Signs 1.5 Billion KRW Treasury Stock Trust Agreement to Enhance Shareholder Value and Stabilize Stock Price
COWINTECH decided on June 24, 2026, through a board resolution, to enter into a 1.5 billion KRW treasury stock acquisition trust agreement with Mirae Asset Securities.
The contract period is one year from June 25, 2026 to June 24, 2027, and the planned acquisition is approximately 145,000 shares, representing about 1.24% of total outstanding shares.
This treasury stock acquisition aims to stabilize the stock price and enhance shareholder value, and will be executed within the distributable profit limit. The company currently holds 156,420 treasury shares.
The trust agreement does not involve additional capital reduction or debt increase, and the small-scale buyback is expected to have a limited positive impact on the stock price in the short term.
[AI Summary]COWINTECH has demonstrated its commitment to shareholder returns through a 1.5 billion KRW treasury stock trust agreement. Although the buyback is small at 1.24% of total shares, the counterparty is a reputable securities firm, ensuring high execution probability. As the purpose is stock price stabilization rather than business expansion, the impact on equity value is expected to be limited.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)