DAEDUCK announced a stock buyback and cancellation on the 28th while showing weakness due to being ex-dividend, reducing its decline. DAEDUCK is a holding company that owns Daeduck Electronics and Wisol.
DAEDUCK's stock traded at 7,060 won in the KOSPI market at 2:38 p.m. on this day. It fell by 1.4% (100 won) from the previous day. During the day, the stock price also rose to 7,120 won.
On this day, DAEDUCK's stock was traded at 6,740 won when the market opened. It later dropped to 6,590 won. This was due to the ex-dividend effect. Being ex-dividend means the right to receive dividends has disappeared.
DAEDUCK has set the settlement of account dividends at 500 won per share. The dividend cutoff date is on the 31st, but considering that there is a 2-transaction day gap until the settlement, only shareholders who held the stock until the previous day can receive the dividends.
However, DAEDUCK's stock partially recovered when it announced during the day that it would buy back and cancel 24 billion won worth of its own shares. The scale of the buyback compared to DAEDUCK's market capitalization is about 9.9%.
DAEDUCK plans to buy back its own shares from the 11th of next month until April 10, 2026. DAEDUCK stated this is for the purpose of 'enhancing shareholder value through stock cancellation.'