Hancom

 

[Alpha Biz= Reporter Kim Jisun] Hancom With announced on the 4th that it plans to buy shares of Hancom, its parent company, on the open market. The total purchase is valued at 15 billion KRW, and once completed, Hancom With’s stake in Hancom will increase from the current 21.5% to approximately 24.1%, based on the closing price on the day before the report, December 3.

This will be Hancom With’s first purchase of Hancom shares on the open market since June 2018. At that time, Hancom With bought 22,607 shares, equivalent to a 0.1% stake. The current purchase follows revised capital market laws, which require prior disclosure when major shareholders acquire additional shares. The purchase will occur one month after the public disclosure.

The transaction will be conducted within a range of 70% to 130% of the reported transaction value, depending on market conditions, including fluctuations in stock prices.

 

 

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