Sempio Foods Company Surges More Than 20% for Consecutive Days After Announcing Treasury Share Cancellation [Stock NOW]

[Financial News] Sempio Foods Company has been surging by more than 20% for consecutive days, buoyed by its decision to cancel treasury shares worth 36.95126 billion won.
According to the Korea Exchange (KRX) on the 11th, as of 9:28 a.m., Sempio Foods Company was trading at 69,100 won, up 13,400 won, or 24.06%, from the previous day. It hit the upper price limit the previous day.
Sempio Foods Company announced through a regulatory filing on the 9th that it had decided to cancel treasury shares worth 36.95126 billion won. The company plans to cancel 860,332 treasury shares, equivalent to 29.92% of its total 2,875,800 shares outstanding.
  

[email protected] Bae Han-geul Reporter