Manyo Factory Enters 10 Billion KRW Treasury Stock Acquisition Trust Agreement, Representing 4.75% of Outstanding Shares to Enhance Shareholder Value
Manyo Factory announced a treasury stock acquisition trust agreement with NH Investment & Securities worth 10 billion KRW to enhance shareholder value and stabilize stock price.
The contract runs from June 24, 2026 to December 23, 2026, with plans to acquire up to 778,816 shares at 12,840 KRW per share, representing approximately 4.75% of total outstanding shares.
The company already holds 685,151 shares or 4.18% of treasury stock. Upon completion, total treasury stock ratio would increase to about 8.93%.
The contract amount of 10 billion KRW is well within the distributable profit limit of 78.89 billion KRW, indicating ample financial capacity.
This treasury stock acquisition via trust is part of a shareholder return policy and may send a positive signal to the market.
[AI Summary]Manyo Factory's 10 billion KRW treasury stock acquisition trust represents a large-scale buyback of 4.75% of outstanding shares, demonstrating strong commitment to shareholder value. The credible counterparty and sufficient distributable profit limit ensure low financial burden. This is positive for stock price stability and shareholder return, likely providing upward momentum.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)