[Edaily Reporter Kim Kyung-eun] #SDN announced on the 9th that it has decided to cancel treasury shares worth approximately 5.2 billion won. The shares to be canceled consist of 2 million common shares, with a par value of 500 won per share. The cancellation is scheduled for the 16th.
The company explained that the purpose of the share cancellation is to "stabilize the stock price and enhance shareholder value."