SeoulMarkets · tag
buyback
4 stories tagged “buyback”, each from official Korean data with its source and timestamp.
Three Korean companies announced buybacks on the same day. Only one will retire the shares.
Exem, Shinhung, and Handsome Corporation filed buybacks on September 18. Handsome's plan is 7-10x larger and the only one that also commits to cancelling the shares.
From Celltrion to KG Mobility, one flaw repeats
This week we ranked 35 Korean capital-raising filings three ways — buybacks, rights issues, convertible bonds. In every single one, the size of the deal did not predict what it meant for existing shareholders.
Celltrion's biggest buyback won't cancel a share
Celltrion's ₩100.0bn buyback dwarfs eight others filed with Korea's regulator this week — and carries no cancellation clause. The three firms that do promise to cancel are the smallest on the list.
Five Korean firms filed share buybacks today. Only one is cancelling the shares.
Buyback plans worth up to about 18 billion won reached the regulator on a single day. But the step that actually shrinks the share count — cancellation — appears in just one of them, Fims. The rest keep the stock in the drawer. Not advice.