IS Dongseo to Enter KRW10 Billion Trust Deal with KB Securities for Treasury Share Repurchase
MT Newswires Live11:52
IS Dongseo (KRX:010780) plans to enter into a 10 billion won trust agreement with KB Securities from Friday to acquire treasury shares, with an aim to stabilize its share price and boost shareholder value, according to a filing with the Korea Exchange on Thursday.
The six-month agreement is valid from Aug. 21, 2026, to Feb. 20, 2027. At present, IS Dongseo holds 462,308 treasury shares, which is equivalent to 1.53% of its common shares.
Shares of the construction engineering company jumped nearly 9% in recent trade.
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