[Market Focus] Sandoll Jumps 5% on 2 Billion Won Treasury Share Cancellation

Sandoll's share price is up more than 5% on news of a share cancellation.

As of 1:48 p.m. on the 11th, Sandoll shares were trading at 4,380 won, up 240 won (5.80%) from the previous trading day.

It is analyzed that buying interest has been drawn in after Sandoll announced the previous day that it would acquire treasury shares worth 2 billion won and cancel all of them.

Following the completion of a treasury share cancellation worth approximately 4.4 billion won in January, Sandoll is again proceeding with a share cancellation. The acquisition period runs from the 12th until May 8, and the shares will be cancelled within one month after the acquisition is completed.

The company will also pay a cash dividend. The dividend will be 100 won per common share, with total dividends amounting to 1,471.84 million won. The record date for the dividend is the 27th.