[Edaily Reporter Kim Hyung-il ] #EGIS Co., Ltd, a company with digital twin technology, is surging near the daily price limit in early trading following its decision to acquire a large number of its own shares.

According to MP Doctor on the 1st, as of 9:05 a.m., EGIS Co., Ltd is trading at 5,480 won, up 1,260 won (29.86%) from the previous trading day.

EGIS Co., Ltd announced today that it has signed a trust agreement to repurchase 3 billion won worth of its own shares to enhance shareholder value. The agreement period runs from the 31st of last month through March 2 of next year. The planned repurchase consists of 707,547 common shares, representing approximately 6.9% of the total issued shares.

The planned purchase price is 4,240 won per share. EGIS Co., Ltd stated that, in accordance with the revised Commercial Act, it plans to actively consider canceling the acquired treasury shares in the future. Expectations for enhanced shareholder value have risen, as the company has not only announced a large-scale share buyback but also raised the possibility of share cancellation.

Based on its proprietary digital twin technology, EGIS Co., Ltd is expanding its business scope into areas such as physical artificial intelligence (AI), aerospace, and autonomous driving. Last month, the company also announced that it would participate for the third consecutive year in Ulsan City’s high-precision digital map construction project. The company is linking spatial data acquired through drones, aerial imagery, LiDAR, and Mobile Mapping Systems (MMS) to its proprietary digital twin platform and is working to build datasets that can be utilized for autonomous driving and Urban Air Mobility (UAM).

In addition, the company has officially registered its solution on NVIDIA Omniverse and plans to launch a satellite data refinement solution for the aerospace sector in the second half of the year.

EGIS Co., Ltd. stated, “Considering our medium- to long-term growth potential and corporate value, we decided to carry out this large-scale share buyback as part of our responsible management practices aimed at enhancing shareholder value.”