Humasis Co. Ltd. (KOSDAQ:A205470) announces a share repurchase program. Under the program, the company will repurchase up to 17,533,607 shares, pursuant to a contract with IBK Investment & Securities.

The purpose of the program is to stabilize stock price and improve shareholder value. The program will expire on June 18, 2024. As of March 17, 2024, the company had 2,235,381 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions.