Sempio(007540) jumped straight to the upper limit (the top of the daily price band) early on the 10th. Buying is seen flocking in on a decision to cancel about 30% of outstanding shares as treasury shares.

Sempio soy sauce is displayed at a major supermarket in Seoul. /Courtesy of News1

As of 9:40 a.m. that day, Sempio shares were trading on the Korea Exchange up 29.99% (12,850 won) at 55,700 won from the previous session.

Sempio Food Company(248170) was also trading up 21.77% (4,950 won) at 28,150 won.

Sempio said on the 9th it would cancel 860,332 treasury shares. That amounts to 29.92% of total outstanding shares (2,875,800). The planned cancellation amount is about 37 billion won, and the cancellation date is the 11th.

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