[Edaily Reporter Shin Ha-yeon ] SAMCHULY BICYCLE CO., LTD(024950)is trading higher in early trading after announcing plans to conduct a public tender offer and cancel its own shares worth approximately 12 billion won.

According to MP Doctor on the 18th, as of 9:32 a.m. today, SAMCHULY BICYCLE CO., LTD is trading at 4,680 won, up 9.09% from the previous trading day.

SAMCHULY BICYCLE CO., LTD announced today that it will conduct a public tender offer for 2,408,000 common shares at 5,000 won per share. The planned purchase volume represents 19.42% of the total issued shares, with a maximum total purchase amount of 12.04 billion won.

Notably, the tender offer price of 5,000 won is 22.25% higher than the closing price of 4,090 won on the day before the board resolution. The fact that the company is purchasing a large number of its own shares at a price above the current market price—and plans to cancel all acquired shares—is seen as fueling expectations for shareholder returns.

The tender offer period runs from today through the 10th of next month, with the settlement date set for September 15. If the number of shares tendered falls short of the target quantity, the company will purchase all of them; if it exceeds the target, purchases will be made on a pro-rata basis.

SAMCHULY BICYCLE CO., LTD plans to cancel the treasury shares acquired through the tender offer in accordance with relevant laws and regulations. The company stated, “We decided to conduct the tender offer to enhance shareholder value and improve capital efficiency through the acquisition and cancellation of treasury shares.”