Hansung Cleantech, a company specializing in industrial water treatment EPC (engineering, procurement, and construction), announced on May 12 that it will proceed as planned with its previously disclosed share buyback plan through its largest shareholder and related parties, as revealed via the Financial Supervisory Service's electronic disclosure system on April 9.
According to the disclosure at that time, the buyback plan involves the largest shareholder and related parties purchasing approximately 2% of Hansung Cleantech's shares, based on the closing price on the day before the report submission, over a period of about one month from April 9 to June 7, based on the settlement date.
The company believes that this share buyback will serve as an opportunity to reaffirm its strong commitment to share price stability and responsible management to the public. The company stated, "We plan to proceed with the buyback according to the scheduled timeline, not only to secure market trust and demonstrate our confidence in our performance, but also to underscore our conviction in mid- to long-term growth."
Meanwhile, amid the government's recent acceleration of infrastructure development for the Yongin Semiconductor Cluster and the expansion of HBM investments, the potential for Hansung Cleantech to benefit is increasing, further supporting expectations for mid- to long-term growth.
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