[Edaily Reporter Kim Hyung-il ] S-Polytech ( S POLYTECH CO.,LTD.(050760)), a company specializing in engineering plastics, announced on the 13th that it will proceed with a 1 billion won share buyback to stabilize its stock price and enhance shareholder value.

S POLYTECH CO.,LTD. decided on the same day, through a board resolution, to acquire 864,304 common shares. The planned acquisition amount is 1 billion won, and the company plans to purchase the shares directly on the KOSDAQ market from the 14th through November 13. NH INVESTMENT & SECURITIES is serving as the brokerage firm for the transaction.

The estimated number of shares to be acquired was calculated based on the closing price of 1,157 won on the 12th, the day before the board resolution. The actual number of shares acquired may vary depending on future stock price fluctuations.

This share buyback is a measure aimed at stabilizing the stock price and enhancing shareholder value. Along with the share buyback, S POLYTECH CO.,LTD. plans to strengthen its core business competitiveness to increase corporate value.

S POLYTECH CO.,LTD. is expanding its business scope into high-value-added materials markets, such as AI data centers and the aviation sector. The company’s strategy is to secure a foundation for mid- to long-term growth by broadening the applications of its high-performance and flame-retardant materials.

S POLYTECH CO.,LTD. official stated, “This share repurchase is a decision designed to demonstrate the company’s commitment to enhancing shareholder value through concrete action,” adding, “We will continue to increase the company’s intrinsic value through improved performance and strengthened business competitiveness, and lay the groundwork for growth alongside our shareholders.”