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Locals Driving Corporate Reforms and 10 Korean Companies Recently Announcing Share Cancellations
568 Views05 Mar 2024 20:20
In a recent discussion with a client, one of the questions that was raised was regarding the impact the local investors are having on the corporate governance reforms in Korea.
Boomeranged on Thu, 18 Apr 2024 14:51
On 17 April, Celltrion Inc announced that it will buyback shares worth 75 billion won. Including 75 billion won of share repurchase last month, this would increase share buyback to 150 billion won. Celltrion will also cancel treasury shares worth 200 billion won (10% of treasury shares), raising the total share cancellation this year to about 600 billion won or nearly 30% of treasury shares.
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