HUMAX CO., LTD. 1,671,373 treasury shares to be cancelled, 22.2% of shares outstanding
HAI summary · Not investment advice
HUMAX CO., LTD. will cancel 1.67 million treasury shares (KRW 78.0 billion, 22.2% of shares outstanding) on November 18.
Cancellation amount
KRW 78.0 billion
1,671,373 common shares; book value as of the board resolution date
Key facts
- Cancellation ratio
- 22.2%Calculated by HeyHolder: shares to cancel ÷ shares outstanding
- Shares to cancel (common)
- 1,671,373 shares
- Cancellation date
- Nov 18, 2026May change after consultation with the relevant authorities
- Total shares outstanding (common)
- 7,524,831 shares
- Acquisition method
- Treasury shares already acquiredCancelled by board resolution; only the share count falls, capital does not decrease
- Board resolution date
- Nov 10, 2026
Commentary
AI commentary · Not investment advice
What happened
HUMAX CO., LTD. decided to cancel 1,671,373 of its own shares that it holds (treasury shares). The planned cancellation amount is KRW 78.0 billion, based on book value as of the board resolution date. The shares came from a merger. The company took over 1,535,273 shares held by Humax Holdings, which ceased to exist in the merger on 2026.10.01. It bought 132,457 shares from shareholders who opposed the merger and exercised their appraisal rights, and acquired 3,643 fractional shares left over when merger shares were allotted.
In the company's terms
The shares to be cancelled equal 22.2% of the 7,524,831 common shares outstanding (calculated by HeyHolder). The company said the share count will fall but its capital will not decrease.
What changes for shareholders
The cancellation is planned for November 18. The company said the date may change after consultation with the relevant authorities.
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