Bukwang Pharmaceutical decided to reti... > 경제기사 | economics

Photo=Bukwang Pharmaceutical

[Alpha Biz=Chicago Reporter Kim Jisun] Bukwang Pharmaceutical held a board meeting on the 22nd and decided to retire 2.61 million shares of its own shares worth 50 billion won.

This is 3.67% of the total number of shares issued, which is equivalent to all of the shares held.

The decision was made after Lee Woo-hyun, chairman of the shareholders meeting, expressed his commitment to shareholder return and value business, saying, "Bukwang Pharm is securing fiscal soundness through continuous high-intensity management improvement and will do its best to enhance shareholder value as well as turn it into a surplus this year to meet criticism from shareholders due to recent falling stock prices and poor performance."

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/ 알파경제 Kim Jisun Reporter