The Asia Business Daily Co., Ltd. Treasury Share Trust Terminated After Completed Buyback; 6,435,271 Shares to Be Cancelled
TAI summary · Not investment advice
The company will terminate its KRW 10 billion treasury share trust on November 3, 2026 and plans to cancel the 6,435,271 shares acquired.
Key facts
- Board resolution date
- Nov 3, 2026
Commentary
AI commentary · Not investment advice
What happened
Asia Economy will end its KRW 10.0 billion treasury stock trust agreement with NH Investment & Securities before the term runs out. In this kind of trust, a securities firm uses money the company hands over to buy the company's own shares. The agreement was set to run from March 3, 2026 to March 2, 2027. The company is ending it early because the planned share purchases are complete. The trust bought 6,435,271 shares. The termination is scheduled for November 3, 2026.
In the company's terms
The company held 6,435,271 treasury shares before the termination. The summary says it plans to retire these shares, which means cancelling them. The materials do not give a date for the retirement.
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