Mirae Asset to buy back, cancel 80B won C of shares

Mirae Asset to buy back, cancel 80B won C of shares

Mirae Asset, a prominent South Korean financial services company, has announced a significant share buyback and cancellation of 80 billion won C of shares. The company's decision follows a strong performance in the first half of 2025, driven by robust revenue growth and improved profitability.

The share buyback program, valued at 80 billion won, aims to return excess capital to shareholders. Mirae Asset believes this move will enhance shareholder value and reflect the company's strong financial position. The buyback will be executed in accordance with the company's normal course issuer bid process, subject to regulatory approval [1].

In addition to the share buyback, Mirae Asset has also announced its intention to cancel 80 billion won C of shares. This decision is part of the company's ongoing efforts to reduce its share count and improve its financial metrics. The cancellation of shares will be completed in phases, with the first phase set to commence in the coming weeks.

The announcement comes at a time when Mirae Asset's stock has been trading at a premium, reflecting investors' confidence in the company's prospects. The share buyback and cancellation of shares are expected to further boost the company's share price, as they reduce the overall number of shares in circulation.

Mirae Asset's decision to return capital to shareholders is a testament to its strong financial performance and commitment to shareholder value. The company's ability to generate excess capital and return it to shareholders is a positive sign for investors, indicating a healthy and sustainable business model.

References:
[1] https://www.etnownews.com/markets/2nd-dividend-of-rs-18-after-share-buyback-bse-500-company-record-date-soon-article-152536499