Share Cancellation
PAI summary · Not investment advice
Poongsan Holdings will retire 250,626 common treasury shares worth KRW 8.1 billion on November 4, 2026.
Cancellation amount
KRW 8.1 billion
Book value as of the board resolution date
Key facts
- Acquisition method
- Treasury shares already acquired
- Cancellation date
- Nov 4, 2026May change following consultation with relevant authorities
- Board resolution date
- Oct 28, 2026
Commentary
AI commentary · Not investment advice
What happened
Pungsan Holdings decided to retire 250,626 common shares of treasury stock that it had already acquired. The planned retirement amount is KRW 8.1 billion, and the retirement is scheduled for November 4, 2026. The board resolved on this on October 28, 2026. The company is not buying new shares here; it is cancelling treasury shares it already holds.
In the company's terms
Relative to the company, the KRW 8.1 billion amount equals 1.7% of its market capitalization. The total number of issued common shares is 14,417,292, and the number of shares to be retired is 250,626.
What changes for shareholders
For shareholders, the scheduled retirement date of November 4, 2026 is the date on which these shares are extinguished. The materials do not list any other shareholder procedures or dates.
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