[E-Daily Reporter Kim Hyung-il ] Audio and broadcasting equipment manufacturer IntermCorporation(017250)will cancel approximately 1 million of its own shares to enhance shareholder value. This represents 4.74% of the company’s outstanding shares.
IntermCorporation CI. (Photo: InterMCorporation)
According to the Financial Supervisory Service’s electronic disclosure system on the 23rd, IntermCorporation announced that it held a board of directors meeting and decided to cancel 996,542 shares of its own common stock.
The estimated value of the shares to be canceled is 1.03088 billion won. The shares to be canceled are treasury shares acquired by InterMCorporation between February 25 and September 15, 2026; treasury shares held prior to this period are excluded from this cancellation. The scheduled cancellation date is September 30.
The shares to be canceled in this round account for 4.74% of the total issued shares of 21,045,467. InterMCorporation stated that it will proceed by canceling previously acquired treasury shares, and while the total number of issued shares will decrease, there will be no change in the company’s capital stock.
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