| Mobile Web

Go Yang to cancel 19.1 billion won of treasury shares under revised Commercial Act

Go Yang Technology will cancel 450,542 treasury shares it holds, worth about 19.1 billion won based on the previous session’s closing price. The company said on May 14 its board approved the cancellation, which is scheduled for May 22. The move follows a revised Commercial Act that took effect in March 2026 and will reduce outstanding shares to 68,204,213 from 68,654,755 without cutting capital. The planned cancellation amount is 6.07 billion won at book value.