Sidiz, Inc. KRW 1 billion treasury share trust contract for price stabilization, shares to be cancelled
SAI summary · Not investment advice
The company will sign a KRW 1 billion treasury share trust contract with Shinyoung Securities for price stabilization, with acquired shares to be cancelled.
Contract amount
KRW 1.0 billion
Plan to cancel all shares after acquisition
Key facts
- Contract period
- Dec 1, 2026 – May 31, 2027
- Purpose of contract
- Stabilizing the share price
- Contracting institution
- Shinyoung Securities
- Cancellation plan
- Plan to cancel all shares after acquisition under applicable laws and proceduresDetails to be disclosed after a later board resolution
- Board resolution date
- Nov 2, 2026
Commentary
AI commentary · Not investment advice
What happened
Cizeds plans to sign a KRW 1.0 billion trust agreement with Shinyoung Securities to acquire its own shares for price stabilization. The contract runs from 2026.12.01 to 2027.05.31, and the plan covers 57,736 common shares at a reference price of KRW 17,320 per share.
In the company's terms
Before the contract, the company held 221,042 treasury shares. The planned acquisition equals 3.0% of issued shares.
What changes for shareholders
The shares will be held after the trust ends until they are cancelled. Once the acquisition is complete, the company plans to cancel all of them under applicable laws and procedures. The materials give no specific date for the cancellation.
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