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M&C Solution surges more than 25% after deciding to buy back and cancel 15 billion won in shares
🇰🇷 South Korea /Economy & Trade

M&C Solution surges more than 25% after deciding to buy back and cancel 15 billion won in shares

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified New plan
  • M&C Solution shares rose 25.61% to 18,980 won at 9:13 a.m. on the 31st.
  • The company’s decision to buy back and cancel 15 billion won worth of treasury stock drove the early gain.

M&C Solution shares jumped more than 25% in early trading on the 31st after the company announced plans to repurchase and then cancel treasury stock worth 15 billion won.

The stock rose 3,870 won, or 25.61%, to 18,980 won at 9:13 a.m. on the Korea Exchange’s main market. It opened at 17,370 won.

Investors appeared to respond to the decision as a measure intended to enhance shareholder value.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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