Kim Dong-seon commits another W27b to Hanwha M&S share buyback

What happened: Kim Dong-seon, president of Hanwha M&S Holdings, launched a second tender offer for company shares worth about 27 billion won, citing the need to protect minority shareholders after a stock decline. Key numbers: About 27 billion won ($20 million). Roughly 3.38 million common shares, about 4 percent of total shares. Offer runs Monday through Nov. Why it matters: The move aims to limit potential losses for minority shareholders and reinforce Kim's position as the company's largest individual shareholder. The prior offer fell short of his purchase target.

Kim Dong-seon, president of Hanwha M&S Holdings, launched a second tender offer for company shares worth about 27 billion won, citing the need to protect minority shareholders after a stock decline.

The move aims to limit potential losses for minority shareholders and reinforce Kim's position as the company's largest individual shareholder. The prior offer fell short of his purchase target.