HYUNDAI ELEVATOR CO.,LTD To cancel 2,487,323 treasury shares worth KRW 107.2 billion
HAI summary · Not investment advice
HYUNDAI ELEVATOR CO.,LTD will cancel 2,487,323 treasury shares worth KRW 107.2 billion, or 6.4% of shares outstanding, on October 30.
Cancellation amount
KRW 107.2 billion
2,487,323 common shares · based on acquisition cost
Key facts
- Shares to cancel (common)
- 2,487,323 shares
- Total shares outstanding (common)
- 39,092,385 shares
- Cancellation ratio
- 6.4%Calculated by HeyHolder: shares to cancel ÷ shares outstanding
- Acquisition method
- Treasury shares already heldAll remaining treasury shares except up to 500,000 kept for employee compensation
- Cancellation date
- Oct 30, 2026May change after consultation with authorities
- Board resolution date
- Oct 16, 2026
Commentary
AI commentary · Not investment advice
What happened
Hyundai Elevator will cancel 2,487,323 of its own shares held in treasury (treasury shares). It is using shares it already owns, so it will not acquire new ones. At acquisition cost they are worth KRW 107.2 billion.
In the company's terms
The company has 39,092,385 shares outstanding, and the cancelled shares equal 6.4% of that (calculated by HeyHolder). This is all remaining treasury stock except up to 500,000 shares kept for employee compensation and similar uses. The company said the share count falls but its capital stays the same.
What changes for shareholders
The cancellation is set for October 30. The date may change after consultation with authorities.
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