Socar ends KRW 3 billion treasury stock buyback trust after completing purchases

Bitget2026/10/01 03:46

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Socar terminated a KRW 3 billion treasury stock buyback trust with Samsung Securities on Oct. 1, 2026.
Buyback completion triggered the early termination; the trust was scheduled to run from July 23, 2026 to Jan. 22, 2027.
Trust-acquired treasury stock totaled 286,008 shares; the company plans to cancel the entire amount to boost shareholder value.
Total treasury shares held stood at 551,879 shares, equal to 1.45% of issued shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Socar Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261001000162), on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Socar ends KRW 3 billion treasury stock buyback trust after completing purchases

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