IntermCorporation Announces 400 Million KRW Treasury Stock Acquisition and Cancellation to Enhance Shareholder Value

IntermCorporation announced on July 20, 2026 a board decision to acquire and cancel 400,000 common shares worth approximately 398.4 million KRW to enhance shareholder value.
The acquisition will take place from July 21 to October 20, 2026 via open market purchase through Mirae Asset Securities.
All acquired shares are planned to be cancelled, reducing total outstanding shares by about 1.9% and potentially increasing earnings per share.
The company already held 1,401,427 treasury shares representing 6.7% of outstanding, and this additional buyback reinforces its commitment to shareholder returns.
[AI Summary]IntermCorporation's treasury stock acquisition and cancellation decision of 400,000 shares 1.9% of outstanding strengthens shareholder value through reduction in shares outstanding. The buyback is funded from available dividend profits and executed through a reputable broker, signaling positive capital management.