Display manufacturing equipment company NARAE NANOTECH rose sharply early on the 30th. Buying appears to be driven by news that the company decided to purchase its own shares.
As of 10 a.m., NARAE NANOTECH was trading on the KOSDAQ market at 5,280 won, up 335 won (6.77%) from the previous session.
According to the Financial Supervisory Service's electronic disclosure system, NARAE NANOTECH disclosed that it would purchase and cancel treasury shares. The purpose of the purchase is part of a shareholder return policy to enhance corporate value.
The expected number of shares to be purchased is about 404,448, and the expected purchase amount is 2 billion won.
The expected purchase period is from the 31st to June 30.
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