SK retires treasury stock worth 120 billion won

COMPANY / Reporter Kim Jisun / 2024-05-31 03:03:38

(Photo= Provided by SK Innovation)

 

[Alpha Biz= Reporter Kim Jisun] SK held a board meeting on the 30th and announced that it had decided to retire all of its 695,626 shares purchased last year.

The purchase price is 119.8 billion won, which is about 1% of the current market capitalization (about 11.6 trillion won).

SK announced at the shareholders' meeting in March 2022 that it would consider buying back treasury stocks worth 1% of its market capitalization every year until 2025.

Meanwhile, SK closed at 158,100 won, up 9.26% from the previous trading day.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

주요기사

Hyundai Motor Securities Raises SK Hynix Target Price by 24.6% to KRW 405,000
Shinhan Investment & Securities Maintains ‘Buy’ Rating on Orion, Expects Sales Growth and Stock Recovery in Second Half
Samsung Securities Raises Target Price for L&F to KRW 100,000, Citing Stronger Fundamental Recovery
Hyundai Mobis Union Continues Strike Independently, Citing Broken Wage Agreement
Over KRW 1.5 Trillion in Pension Premiums Miscollected Over Past 5.5 Years
뉴스댓글 >

SNS