CU TECH Enters into 1 Billion KRW Treasury Stock Acquisition Trust Agreement for Stock Price Stabilization and Shareholder Value Enhancement, Plans Full Cancellation of Acquired Shares
CU TECH has decided to enter into a treasury stock acquisition trust agreement worth 1 billion KRW to stabilize stock price and enhance shareholder value.
The contract period runs from July 1, 2026 to December 31, 2026, and the acquisition will be conducted on the open market through DAISHIN Securities as trustee.
The expected number of shares to be acquired is approximately 442,477 shares, representing about 2.5% of total outstanding shares, with the indicative price based on the previous closing price of 2,260 KRW.
The company plans to cancel all treasury shares acquired through the trust after the contract ends, and will announce the cancellation details separately upon board resolution.
Currently, the company holds no treasury shares, and this acquisition is within the distributable profit limit. The available limit for treasury stock acquisition as of the end of the previous fiscal year was approximately 49.8 billion KRW.
[AI Summary]CU TECH's decision to enter into a treasury stock acquisition trust agreement targeting approximately 2.5% of outstanding shares for eventual cancellation is expected to boost net asset value per share and provide stock price support. The transaction is executed through a credible counterparty, DAISHIN Securities, and the board resolution included full attendance of outside directors and the auditor, ensuring decision transparency. This signals a short-term positive price momentum and a medium- to long-term strengthening of shareholder return policy.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)