KIWOOM Securities Completes Acquisition and Immediate Cancellation of 166,206 RCPS Shares Worth 40 Billion KRW, Enhancing Shareholder Value
On June 30, 2026, KIWOOM Securities acquired 166,206 shares of its 3rd and 4th series Redeemable Convertible Preferred Shares RCPS for approximately 40 billion KRW and immediately initiated the cancellation process.
This cancellation represents 0.63% of total issued shares, eliminating potential dilution from future conversions and protecting existing shareholder value.
The acquisition price was about 240,665 KRW per share, lower than the current common stock price of 331,000 KRW, allowing the company to retire preferred shares at a discount.
[AI Summary]KIWOOM Securities' full cancellation of 40 billion KRW worth of RCPS prevents potential dilution and enhances shareholder value, improving capital efficiency and supporting stock price stability.