Global beauty technology corporation APR has decided to acquire 30 billion won worth of its own shares and subsequently retire them. This decision is aimed at enhancing shareholder value.
According to the electronic disclosure system of the Financial Supervisory Service on the 4th, APR has entered into a trust agreement for the acquisition of its own shares worth 30 billion won with NH Investment & Securities as the trustee. Under this contract, NH Investment & Securities will acquire APR's shares by August 3. The acquired shares will be fully retired.
This marks the third time that APR has repurchased its own shares at the executive level and company level. In May last year, CEO Kim Byeong-hoon and two other executives expressed their commitment to responsible management and executed a share buyback. In June of last year, the company announced a decision to acquire its own shares worth a total of 60 billion won. The acquired shares were fully retired on the 8th of last month.
The recent decision to repurchase its own shares is part of the corporate value-up policy following the '2024-2026 shareholder return policy' announced last year. At that time, APR stated that it would conduct share buybacks and retirements, including cash dividends, for these three fiscal years, and the scale would exceed 25% of the consolidated net profit every year.
In particular, due to the recent changes in domestic and international political and economic conditions that have led to high market volatility, APR explained that it decided to proceed with this share buyback to protect shareholder value. An APR official noted, "Regardless of short-term volatility, we have high confidence in our long-term growth potential," and stated, "We will consistently pursue related policies to maximize shareholder value going forward."