Interojo, a company specializing in contact lenses, announced on July 7 that it has completed the cancellation of 867,696 shares of treasury stock, worth approximately 15 billion KRW, and finalized the change in the number of listed shares.
As a result of this treasury stock cancellation, the total number of issued shares has decreased by 6.6%, from 13,216,478 shares to 12,348,782 shares. This is expected to have the effect of increasing both earnings per share (EPS) and book value per share (BPS).
Interojo faced a trading suspension in April 2024 due to a disclaimer of opinion from its auditor. However, the company successfully overcame this crisis by receiving an unqualified opinion in March of this year. This large-scale treasury stock cancellation is the first shareholder return policy implemented since the lifting of the trading suspension, demonstrating the company's strong commitment to enhancing shareholder value.
A company representative stated, "This treasury stock cancellation is a measure to provide tangible value to shareholders who have trusted and supported the company," and added, "We will make every effort to restore market confidence by continuing to implement shareholder return policies."
Meanwhile, Interojo is focusing on strengthening its competitiveness as a contact lens specialist in line with the normalization of trading. The company plans to simultaneously pursue performance improvement and enhancement of shareholder value based on its stable production capacity and technological capabilities.
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