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Photo courtesy of Celltrion |
[Alpha Biz= Kim Jisun] Celltrion announced on May 20 that its Board of Directors has approved an additional treasury share buyback worth approximately KRW 100 billion. The company plans to repurchase a total of 649,351 shares through open market purchases starting May 21.
With this latest move, Celltrion has conducted six separate buybacks in 2025 alone, bringing the total repurchase amount this year to approximately KRW 550 billion—well above last year’s figure of around KRW 436 billion.
In addition, Celltrion Group Chairman Seo Jung-jin, holding company Celltrion Holdings, and affiliate Celltrion Skincure recently announced plans to purchase shares worth KRW 50 billion, KRW 100 billion, and KRW 50 billion, respectively—demonstrating strong commitment to responsible management.
Celltrion employees are also participating by investing KRW 40 billion through the company’s employee stock ownership program, reflecting their confidence in the company's long-term growth potential and intrinsic value.
The combined total of treasury shares purchased by Celltrion, along with shares acquired on the market by major shareholders and employees, amounts to approximately KRW 800 billion.
Celltrion is also taking an aggressive stance on share cancellation. Since January, the company has either completed or committed to canceling treasury shares worth about KRW 900 billion, significantly surpassing last year’s KRW 700 billion in cancellations.
Celltrion stated it will continue to implement shareholder-friendly policies such as share repurchases and cancellations in response to undervaluation concerns amid ongoing market volatility, reaffirming its commitment to enhancing shareholder value.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
