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HD Hyundai Construction Equipment Terminates Treasury Stock Trust Contract

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HD Hyundai Construction Equipment (KRX:267270) has terminated its treasury stock acquisition trust contract with KB Securities following the expiration of the contract period on Aug. 10.

The trust contract, originally valued at 60.9 billion won and established on Feb. 10, resulted in the acquisition of 424,511 common shares, representing 0.89% of the company's total issued shares of 47.9 million.

Following termination, the shares will be transferred to the company's securities account and subsequently cancelled, as previously disclosed in the company's July 29 filing.

The company also cancelled 52,221 shares on April 30, including shares acquired from the HD Hyundai Infracore merger and exercised appraisal rights.

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