Celltrion will pursue a stock acquisition plan worth a total of 270 billion won to enhance shareholder value and strengthen accountable management. The company said it will seek to boost corporate value through share buybacks, employee stock ownership purchases, and stock purchases by the largest shareholder.
Celltrion on the 5th notified shareholders of its plan to enhance shareholder value and strengthen accountable management via the company website.
First, as the procedures related to the bonus issue have been completed, the company will begin a 100 billion won share buyback process starting on the 8th. The specific number of shares to be acquired will be disclosed later in accordance with relevant procedures.
Executives and employees will also move to acquire 70 billion won in employee stock ownership, based on their trust in and willingness to participate in the company's growth. Celltrion plans to align the interests of employees and the company through this step and strengthen the foundation for long-term growth.
Celltrion Holdings, the largest shareholder, will also pursue the acquisition of 100 billion won worth of Celltrion shares. The company said it will proceed with the related procedures sequentially starting on the 18th in accordance with the Financial Investment Services and Capital Markets Act.
Celltrion emphasized that the business plan established early this year is proceeding without disruption. The company said key tasks—including major business activities, sales, product development, production, and investment—are being carried out as planned, and that the recent exchange-rate environment is also acting positively for business operations and profitability.
Celltrion said, "We judge that the current corporate value does not fully reflect the company's intrinsic value and growth potential," adding, "We will continue to review various measures to enhance shareholder value and promptly implement necessary actions."
It added, "We will continue responsible management so that business performance and corporate value enhancement can be achieved together."