Aplus Asset has seen its stock price surge nearly 15% during trading on October 21 after announcing a plan to enhance corporate value through expanded shareholder returns.
According to the Korea Exchange, as of 1:16 PM, Aplus Asset's shares were trading at 12,750 won, up 1,660 won (14.97%) from the previous trading day. The stock opened at 12,000 won and briefly rose to 12,860 won during the session. Although the gains slightly decreased, the stock remains strong.
The announcement of the shareholder return policy and corporate value enhancement plan is believed to have positively influenced investor sentiment.
According to the Financial Supervisory Service's electronic disclosure system, Aplus Asset has established three core tasks—profitability, shareholder returns, and governance improvement—to enhance corporate value through sustainable growth.
In the shareholder return segment, the company plans to maintain its existing cash dividend policy while also conducting share buybacks. Additionally, it aims to set a long-term total shareholder return target of over 40% to boost shareholder confidence and enhance the predictability of its policies.
Governance improvements are also on the agenda. Aplus Asset plans to gradually enhance the independence of its independent directors, establish a compensation committee, and strengthen board competitiveness by 2028. The company also intends to enhance communication with institutional investors and expand opportunities for shareholder engagement through investor relations activities.
* This article has been translated by AI.
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