Samyoung M-Tec Decides on Stock Cancellation... "Enhancing Shareholder Value"

[Asia Economy Reporter Hyunseok Yoo] Samyoung M-Tech announced on the 26th that it will cancel 1,481,474 common shares.

The company stated, "There will be no reduction in capital stock as the cancellation of treasury shares acquired using distributable profits is carried out," and explained that "the purpose of canceling treasury shares is to enhance shareholder value."