Yuhan Corp. cancels 36.2 billion won treasury shares to boost shareholder value

Yuhan Corp. said on the 5th that its board approved canceling about 36.2 billion won worth of treasury shares. It will cancel 320,836 shares it holds. The cancellation date is the 15th.

The company said it will cancel treasury shares to boost shareholder value. Canceling treasury shares reduces a company's total share count. The per-share value for shareholders who hold the remaining shares increases accordingly. Yuhan Corp. said, "Only the total number of issued shares will decrease, and there will be no reduction in capital."