Creverse Pushes Immediate Cancellation of 500,000 Treasury Shares

Edtech company Creverse disclosed that it has placed an agenda item to change its treasury share holding and disposal plan at an extraordinary shareholders’ meeting scheduled for June 22, aiming to cancel 500,000 treasury shares. If approved, the company plans to pass a board resolution the same day and cancel the shares immediately. Creverse had already cancelled 400,000 treasury shares in two rounds earlier this year. If the additional cancellation is reflected, total treasury share cancellations this year will reach 900,000 shares, reducing issued shares by about 8% compared with the end of 2025. The company said the additional 500,000-share cancellation would raise real value by about 600 won per share at the current share price, or about 1,100 won including the previous 400,000 shares. EPS is expected to rise 12%. Source: rss.donga.com