[Alpha Biz= Reporter Kim Sangjin] Samchundang Pharm announced on the 17th that they will dispose of their treasury stocks worth 60.9 billion Korean Won. They plan to sell 500,000 shares at a price of 121,800 Korean Won per share.
The disposal period is scheduled from the 18th of this month to the 17th of next month. The purpose of this disposal is to secure funds for global clinical costs of AILIA high-capacity biosimilars and oral GLP-1, as well as for investment in oral GLP-1 production facilities. The method of disposal will be through after-hours bulk sales.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
