[Featured Stock] Sempio Hits Upper Limit Following Decision to Acquire 10 Billion KRW Worth of Treasury Shares

[Asia Economy Reporter Lee Jung-yoon] Sempio recorded a daily limit up during trading following the news of a 10 billion KRW scale share repurchase decision.

As of 9:29 AM on the 28th, Sempio was trading at 52,900 KRW, up 29.82% (12,150 KRW) compared to the previous trading day.

The day before, Sempio announced that it had decided to enter into a trust contract with Shinhan Financial Investment for the acquisition of its own shares worth 10 billion KRW. The purpose of the contract is to stabilize the stock price and enhance shareholder value, and the contract period is until September 26, 2023.