Hanmi Semiconductor Enters 40 Billion KRW Stock Buyback Agreement to Enhance Shareholder Value
Kim SangJin
letyou@alphabiz.co.kr | 2024-09-25 03:49:40
Hanmi semiconductor. (photo = Hanmi semiconductor)
[Alpha Biz= Reporter Kim Sangjin] Hanmi Semiconductor has signed a trust agreement for the repurchase of its own shares worth 40 billion KRW. The contract, effective from today until March 24 of next year, aims to stabilize the stock price and enhance shareholder value.
This marks the company’s total stock buyback agreements to 240 billion KRW over the past three years, following 50 billion KRW in 2022 and 30 billion KRW in 2023. Additionally, Hanmi Semiconductor has recently canceled 1,926,120 shares (valued at approximately 40 billion KRW based on book value) during this period.
Starting from the third quarter, Hanmi Semiconductor has begun supplying TC bonders and plans to launch new products next year, including the next-generation AI semiconductor package core equipment: the '2.5D Big Die TC Bonder' and 'Mild Hybrid Bonder.'
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