WONHIGHTECH Takes Comprehensive Measures to Enhance Shareholder Value, Including Treasury Share Repurchase

WONHIGHTECH has embarked on comprehensive activities to enhance shareholder value, including the repurchase of treasury shares and a rights offering with a premium for the largest shareholder.

According to WONHIGHTECH on August 13, the company signed a KRW 2 billion treasury stock acquisition trust agreement aimed at stabilizing its share price and increasing shareholder value. It also decided to carry out a third-party rights offering worth approximately KRW 2 billion to reinforce responsible management. The new shares issued to the largest shareholder were listed with a 29% premium on August 11. Experts in the securities industry are evaluating these actions as a strong demonstration of the company’s commitment to raising its stock price and practicing responsible management.

WONHIGHTECH has recently continued to deliver its products for advanced industrial infrastructure markets, such as semiconductor factories, AI data centers, and modular construction projects, where high-quality and high-reliability standards are required. As a result, the company’s backlog of orders is surging. In particular, its newly supplied product ‘Apollo Beam,’ which entered full-scale production recently, is an innovative formwork system that extends the application range of conventional deck plates to vertical formwork structures. By minimizing lateral reinforcement, this structure not only reduces costs but also simultaneously enhances construction safety, efficiency, shortened timelines, and environmental sustainability.

Building on existing integrated deck plates, the company is also widening the application of OSC-based new products such as InfiniDeck, which increases space utilization and construction efficiency by implementing long-span structures, and hollow columns specialized for semiconductor factories and data centers. These are expected to be core growth drivers that will lead to a turnaround in performance from the third quarter onward.

A representative from WONHIGHTECH stated, "Despite the construction market downturn, we have laid the foundation for performance improvement by releasing new products with technological and cost competitiveness through continued facility investment and R&D. Going forward, we will cement our role as a core technology partner, enhancing project competitiveness at worksites through OSC-based high-tech architectural solutions. Through responsible management and continuous innovation, we will raise the intrinsic value of the company and further strengthen the trust of shareholders and the market."

This content was produced with the assistance of AI translation services.