Government Employees Pension Service sends letters over failure to retire treasury shares; Shinyoung 1trillion-won retirement and a series of moves
Government Employees Pension Service 5day sent investor letters requesting explanations from companies that do not retire treasury shares. On the same day, Shinyoung Securities decided to retire treasury shares worth 1trillion won, while Shinheung, Kona I and BlueMTech also disclosed treasury-share acquisitions.
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Government Employees Pension Service 5day sent investor letters to companies that do not retire treasury shares, asking them to explain the reasons for and plans regarding the inability to retire them. The recipients of the letters and the specific requests can be confirmed in each company’s disclosure. Government Employees Pension Service said it reviews shareholder-return policies as a pension-fund investor.
Small and medium-sized enterprise Shinheung 5day decided to acquire treasury shares worth 14billion won. The company disclosed the purpose and period of the acquisition. The related procedures will proceed according to the disclosed acquisition plan.
Kona I 5day announced the acquisition of treasury shares worth 50billion won. The company disclosed that it decided to acquire treasury shares to strengthen shareholder returns. The acquisition method is the trust or open-market purchase method stated by the company.
Bluemtec said it5 day 10entered into a trust agreement to acquire treasury shares worth billion won. The company disclosed the term of the trust agreement and the asset manager. The handling of treasury shares will proceed in accordance with the terms of the agreement.
Shinyoung Securities announced that it5 day 1decided to cancel treasury shares worth trillion won. The company specified the scale and timing of the cancellation in its disclosure. The announcement was presented as part of measures to expand shareholder returns.
Following news of Shinyoung Securities’ cancellation, its share price on the same day was recorded as rising by 13% and 6%, respectively. Intraday fluctuations and changes by time period can be confirmed through various market data. Detailed changes can be checked through the related disclosure and market data.