Hanssem surged more than 6% in early trading on the 10th. The move appears to reflect improved sentiment after it unveiled a mid- to long-term shareholder return plan the previous day, including a 50 billion won share buyback and quarterly dividends.
As of 9:32 a.m., Hanssem was trading at 31,950 won on the Korea Exchange, up 2,050 won (6.86%) from the previous session. Right after the open, it spiked as much as 12.37% to 33,600 won.
Hanssem announced a mid- to long-term shareholder return policy on the 9th. The details include signing a trust agreement to acquire treasury shares worth 50 billion won, setting a target shareholder return ratio of at least 50%, and paying a second-quarter cash dividend.
Hanssem said it will preemptively make additional purchases of its own shares to enhance shareholder value. Through Shinhan Investment & Securities by December, it plans to newly acquire treasury shares worth 50 billion won.