셀트리온 본사 전경. (사진=셀트리온)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Celltrion has decided to buy back its shares to stabilize stock prices and enhance shareholder value.

Celltrion announced on the 22nd that it held a board meeting and decided to buy a total of 314,466 shares of treasury stock.

Celltrion is expected to acquire about KRW 50 billion. The acquisition of treasury stocks will be carried out through in-house purchase from June 23 to September 22, 2023.

Celltrion decided to buy treasury shares for the third time this year after February and March, and if it buys additional treasury shares this time, it will acquire a total of 971,820 shares (about 150 billion won) of treasury shares this year alone. Celltrion also completed the purchase of treasury stocks worth a total of 1,555,883 shares (253.5 billion won) last year.

Celltrion plans to buy back its shares in consideration of the overall situation as it is currently coordinating the timing of the merger in consideration of the global financial market and business progress of group companies.

 

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