The Asia Business Daily Co., Ltd. Cancellation of 6,423,223 treasury shares, 14.6% of shares outstanding
TAI summary · Not investment advice
The Asia Business Daily Co., Ltd. will cancel 6,423,223 treasury shares (KRW 10.0 billion, 14.6% of shares outstanding) on November 30.
Cancellation amount
KRW 10.0 billion
6,423,223 common shares · book value (average cost × shares)
Key facts
- Shares to cancel (common)
- 6,423,223 shares
- Total shares outstanding (common)
- 44,049,210 shares
- Cancellation ratio
- 14.6%Calculated by HeyHolder: shares to cancel ÷ shares outstanding
- Acquisition method
- Treasury shares already acquiredFirst-in, first-out from existing holdings and shares bought via a 2026.03.03 trust contract
- Cancellation date
- Nov 30, 2026May change depending on procedures
- Brokerage
- NH INVESTMENT & SECURITIES
- Board resolution date
- Nov 3, 2026
Commentary
AI commentary · Not investment advice
What happened
The Asia Business Daily will cancel 6,423,223 treasury shares it had already bought. Their book value is KRW 10.0 billion. The company said the aim is to raise shareholder value.
In the company's terms
The shares equal 14.6% of the 44,049,210 shares outstanding (calculated by HeyHolder). The company said the shares were bought with distributable profit and cancelled by board resolution, so the share count falls but capital stays the same. The amount is the book value as of the board resolution date, based on the average purchase price.
What changes for shareholders
The cancellation is scheduled for November 30 and may change depending on procedures. Shares will be cancelled first-in, first-out from existing holdings and shares bought through a trust contract signed on March 3, 2026. The company said this filing replaces a separate treasury share disposal filing.
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