Hanmi Semiconductor Cancels KRW 130 Billion Worth of Treasury Shares

Hanmi Semiconductor announced on the 30th that it has completed the cancellation of 1,302,059 shares of treasury stock, valued at approximately KRW 130 billion. This is the largest amount in the company’s history.

As a result, the total number of issued shares of Hanmi Semiconductor has decreased from 96,614,259 to 95,312,200.

Hanmi Semiconductor has canceled 94% of the treasury shares it acquired last year, which amounted to a total value of KRW 200 billion.

With the reduction in the total number of issued shares due to the treasury stock cancellation, the ownership percentage of existing shareholders has increased. This leads to a rise in earnings per share (EPS), and analysts note that this enhances the potential for stock price appreciation compared to before the cancellation.

When the number of issued shares decreases, the total amount of dividends the company needs to pay is also reduced. Even if the dividend payout ratio remains the same, there is a greater likelihood that existing shareholders will receive higher dividends. This is regarded as a key indicator in evaluating shareholder return policies.

Founded in 1980, Hanmi Semiconductor is a global company with approximately 320 clients worldwide, leveraging its unrivaled experience and expertise in the global semiconductor market. As the world’s leading manufacturer of TC bonders for HBM production and holder of core proprietary technologies, the company has established an intellectual property department in 2002 and has since filed for approximately 120 patents related to HBM equipment. This has allowed Hanmi Semiconductor to secure intellectual property rights for its core technologies, further enhancing the competitiveness of its equipment.