Alphabiz - OCI, which emphasized ′return of shareholders′, purchased and retired treasury stocks worth 40 billion won

(Photo=OCI)

[Alpha Biz=(Chicago) Reporter Kim Jisun] OCI Holdings held a board meeting on the 29th and announced that it decided to purchase and retire its own shares with 5% of the total number of issued shares from this year to 2026.

As a result, the company signed a trust contract for about 40 billion won, or 2 percent of the total number of shares issued, on the 1st of next month and will retire when it completes the acquisition of the shares. 

Afterwards, purchase and retirement are carried out in the same way.

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