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Photo = Hanmi Semiconductor |
[Alpha Biz= Paul Lee] Seoul, May 30 – Hanmi Semiconductor announced on Thursday that it has completed the cancellation of 1,302,059 treasury shares, valued at approximately KRW 130 billion (~USD 95 million), marking the largest share cancellation in the company’s history.
Following the cancellation, the company’s total number of issued shares has been reduced from 96,614,259 to 95,322,200 shares. The adjusted share count is expected to be officially reflected in the market by mid-June.
The move is part of Hanmi Semiconductor’s corporate value enhancement initiative, unveiled in February 2024. Prior to this cancellation, the company had already retired 72,5043 shares worth KRW 57.3 billion earlier this year. In total, 94% of treasury shares acquired in 2024—worth KRW 200 billion—have now been retired.
Hanmi Semiconductor noted that the reduction in outstanding shares will result in a rise in earnings per share (EPS) and potentially lead to higher dividends for existing shareholders, as total dividend payments will be spread across fewer shares. This also effectively increases shareholder equity value.
Founded in 1980, Hanmi Semiconductor is the world’s leading supplier of TC bonders, a key piece of equipment used in the production of high-bandwidth memory (HBM). The company serves more than 320 global clients across the semiconductor industry.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
