NAMYANG DAIRY PRODUCTS announced on the 18th that it has decided to buy back its own shares worth a total of 20 billion won. This is part of a strategy to enhance shareholder value and strengthen responsible management, which has been continuously pursued since the change of major shareholders last year.
NAMYANG DAIRY PRODUCTS has consistently expanded shareholder-friendly activities. Last year, the company repurchased its own shares twice, consuming a total of 43.2 billion won. In October of the same year, it implemented a partitioning to split the par value from 5,000 won to 500 won to enhance liquidity for shareholders.
This share buyback is also a strategic decision aimed at increasing corporate value and providing tangible benefits to shareholders.
A NAMYANG DAIRY PRODUCTS official noted, "Since the change in management rights last year, we have been making various efforts to enhance shareholder value under the principles of responsible management," adding, "We plan to continue fostering sustainable growth and strengthening shareholder-friendly policies in the future."