Macrogen Decides to Acquire Treasury Shares Worth 3 Billion KRW to "Enhance Shareholder Value"

[Asia Economy Reporter Lee Gwan-joo] Macrogen announced on the 24th that it has decided to acquire treasury shares worth 3 billion KRW to enhance shareholder value. The acquisition process will be carried out from the 21st of this month to October 20th of next year through Samsung Securities by purchasing shares on the market.

Macrogen explained that this decision was made to stabilize the stock price, enhance shareholder value, and express the company's commitment to responsible management.

Kim Chang-hoon, CEO of Macrogen, said, “We plan to review various shareholder value enhancement measures depending on market conditions in the future,” and added, “All executives and employees will do their best to protect shareholder rights and enhance corporate value through prompt information sharing and active communication.”

Previously, Macrogen purchased treasury shares worth a total of 20 billion KRW in three rounds for the purpose of enhancing shareholder value: 10 billion KRW in 2018, 5 billion KRW in 2019, and 5 billion KRW last year.