DONGSUNG CHEMICAL Co., Ltd. Decision to cancel 899,657 own shares worth KRW 4.2 billion
DAI summary · Not investment advice
Dongsung Chemical decided to cancel 900 thousand of its own shares, 1.8% of all its shares, on November 30.
Cancellation ratio
Calculated by HeyHolder1.8%
shares to cancel ÷ shares outstanding
Key facts
- Shares to cancel (common)
- 899,657 shares
- Cancellation amount
- KRW 4.2 billionBook value as of the board resolution date
- Cancellation date
- Nov 30, 2026May change following consultation with relevant authorities
- Total shares outstanding (common)
- 50,669,591 shares
- Acquisition method
- Treasury shares already acquired
- Board resolution date
- Nov 13, 2026
Commentary
AI commentary · Not investment advice
What happened
Dongsung Chemical decided to cancel 899,657 of its own common shares that it already holds. Shares a company holds itself are called treasury shares, and retiring them is called share cancellation.
In the company's terms
The shares to be cancelled equal 1.8% of all common shares, which total 50,669,591 (Hey Holder calculation). Their book value on the board resolution date is KRW 4.25 billion. The company acquired them earlier as treasury shares.
What changes for shareholders
The cancellation date is set for November 30, 2026. It may change depending on consultations with the relevant authorities. Once the cancellation is complete, the total number of shares will decrease by that amount.
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