Wins Co: Tender Offer Buyback and Cancellation of 10% of Outstanding Shares
On 4 November, Wins Co Ltd (136540 KS) announced a tender offer of 1,364,416 shares (10% of outstanding shares) at a tender offer price of 16,000 won per share.
The tender offer period will last from 5 to 24 November. Once the tender offer buyback is completed, the company also plans to cancel the shares.
The company is deeply undervalued with cheap valuation multiples. It has P/E of 7.2x and EV/EBITDA of 1.1x based on 2023 financials.
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