[Market Highlight] Dentium Rises 4% on Expectations of Treasury Share Cancellation
Dentium's stock price is on the rise due to expectations surrounding the cancellation of treasury shares worth 60 billion won.
As of 9:34 a.m. on March 26, Dentium was trading at 53,100 won, up 2,000 won (3.91%) from the previous trading day.
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Dentium announced that at its board meeting the previous day, it had signed a trust agreement to acquire treasury shares worth 60 billion won. The trust agreement was signed with NH Investment & Securities. The purpose of this agreement is to enhance shareholder value through the acquisition and cancellation of treasury shares. The number of shares to be acquired is 1,201,201 common shares.
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