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(Photo=DB Hitech) |
[Alpha Biz= Reporter Kim Jisun] On the 7th, DB HiTek announced through a disclosure that it has resolved to acquire its own shares worth 200 billion won.
This share buyback follows an acquisition of 100 billion won worth of its own shares conducted last year.
DB HiTek had unveiled a management innovation plan in December, which included shareholder-friendly policies and governance enhancements, aiming to expand its treasury stock holdings from 6% to 15% in the medium to long term.
With this latest acquisition, DB HiTek's treasury stock ownership will increase from the existing 6.14% to 7.14%. The buyback will be conducted over a period of six months through a trust agreement.
The company also affirmed its commitment to maintaining a dividend payout ratio of over 10%, complying with its promise made at the end of last year to uphold the shareholder return rate in the 30% range.
Additionally, DB HiTek improved its dividend procedure by deciding on the dividend amount first at its regular shareholders' meeting and then confirming the dividend record date later.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
