KOSDAQ-listed Com2uS shares were strong early on the 6th. Buying is seen as gathering on news of a large-scale retirement of treasury shares.
As of 9:18 a.m., Com2uS was trading at 31,450 won, up 2,050 won (6.97%) from the previous trading day.
Com2uS announced after the close of regular trading the previous day that it will retire 646,442 treasury shares on the 12th. The total is valued at 58.2 billion won, equal to 5.1% of the current total number of shares outstanding.
A Com2uS official said, "This retirement of treasury shares will retire shares acquired 'within the scope of "distributable income"' and "the total number of shares outstanding will decrease, but there will be no reduction in capital.""
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