[Featured Stock] Gradient Surges on News of Share Buyback Program Announcement

Gradient has been soaring since announcing its plan for a tender offer of treasury shares.

According to the Korea Exchange, as of 9:04 a.m. on the 11th, Gradient is trading at 5,010 won, up 10.96% (495 won) from the previous trading day.

Gradient was established in April 2022 after a physical division of Interpark's e-commerce business division. The company sold the e-commerce business division to Yanolja at that time and subsequently changed its name to the current one.

It operates various industries including B2B industrial material distribution and purchasing agency services, precision medicine, and new drug research and development.

On the 8th, Gradient announced that it will pursue a tender offer and cancellation of treasury shares worth 49,999,990,000 won to enhance corporate value and protect shareholder rights. The tender offer targets 3,571,428 treasury shares (24.6% of the total issued shares), and the tender offer price is 14,000 won per share. The tender offer price is 15.7% higher than the previous trading day's closing price of 12,090 won per share.