MHETHANOL Announces 518 Million KRW Share Buyback and Cancellation to Enhance Shareholder Value

MHETHANOL decided to acquire 130,000 treasury shares worth approximately 518 million KRW through direct market purchases to stabilize stock price and enhance shareholder value.
The acquisition period is from June 26 to September 23, 2026, and all acquired shares will be canceled after completion.
Currently, the company holds 1,060,251 treasury shares representing 14.3% of outstanding shares. This additional buyback and cancellation will reduce total shares outstanding, potentially increasing value per share.
The acquisition is within distributable profits and will be executed through BNK Investment & Securities.
[AI Summary]MHETHANOL's treasury share acquisition and cancellation decision, though modest, signals a commitment to shareholder returns. While it may support stock price and per-share value, the impact is limited given the buyback size of 1.76% of outstanding shares.