Celltrion announced on the 9th through a disclosure that Chairman Seo Jung-jin plans to acquire approximately 50 billion won worth of shares on the stock market with personal funds. Accordingly, it plans to purchase 306,561 shares of Celltrion on the stock exchange. On the same day, Celltrion Holdings, the holding company of the Celltrion Group, and its affiliate Celltrion Skin Cure also decided to buy approximately 100 billion won and 50 billion won worth of Celltrion shares, respectively.
Accordingly, major shareholders, including Chairman Seo, plan to sequentially purchase a total of 200 billion won worth of Celltrion shares starting from the 9th of next month.
Regarding Chairman Seo's decision to acquire shares, the company noted, "We believe that the current stock price is significantly undervalued compared to its intrinsic value, indicating our confidence in business growth while expressing our commitment to strengthen responsible management."
Celltrion holds the position that there are concerns in the stock market regarding the recent tariff issues originating from the United States. The company previously announced on its official website that it has been preparing for tariff risks since last year and has already established short-term and medium-to-long-term measures.
In the short term, Celltrion has transferred over a year's worth of inventory to the U.S. In the medium term, it plans to complete the collaboration process with local contract development and manufacturing organizations (CDMO) in the U.S. and decide on the acquisition of local production facilities by the end of the year. It also emphasized that it is progressing without delay on the business plans announced earlier this year.
Meanwhile, Celltrion has been buying back around 350 billion won worth of its own shares this year. At the same time, it has also been conducting the cancellation of its shares, and the total amount of shares that have been canceled or are in the process of being canceled this year has exceeded 800 billion won. Generally, when corporations repurchase their own shares and subsequently cancel them, it reduces the total number of issued shares, resulting in an increase in per-share value, which is regarded as a typical shareholder-friendly policy.