South Korea’s parliament approved a long-debated legal revision requiring companies to cancel treasury shares, a key step in the government’s drive to improve corporate governance and boost stock market valuations. The latest revision to the Commercial Act on treasury shares — a company’s own stock that has been repurchased but not canceled — eliminates a mechanism that governance experts say cong...
South Korea’s parliament approved a long-debated legal revision requiring companies to cancel treasury shares, a key step in the government’s drive to improve corporate governance and boost stock market valuations. The latest revision to the Commercial Act on treasury shares — a company’s own stock that has been repurchased but not canceled — eliminates a mechanism that governance experts say conglomerate owners have used to reinforce control with minimal direct holdings. The legislation passed Wednesday with 175 votes in favor out of 176 lawmakers present. The treasury‑share provision is a centerpiece of President Lee Jae Myung’s agenda and builds on earlier Commercial Act revisions that expanded directors’ fiduciary duties and strengthened minority‑investor protections. The reforms are part of a broader push to align Korea’s corporate framework with global norms. Lee has repeatedly linked stricter shareholder protections to his ambition of lifting the Kospi toward 5,000. Such reforms are essential to attracting global capital and restoring confidence after years of political and market volatility, he said. The index has more than doubled over the past year and breached 6,000 on Wednesday on the back of an AI‑driven chips rally. Gains were also supported by expectations that Lee’s reform agenda will enhance corporate transparency and spur a re‑rating of equity valuations. The amendment requires newly acquired treasury shares to be canceled within one year. Existing treasury shares are subject to a six-month grace period, meaning companies must cancel them within 18 months. There are some exceptions to the mandate to cancel treasury shares. In special cases, such as business necessity and employee compensation, the company may be permitted to hold treasury shares after getting approval from the shareholders’ meeting each year. Business groups had urged lawmakers to soften the measure, warning that cancellations could limit capital flexibility. Some firms rushed to d...
(RTTNews) - Haleon plc (HLN, HKN.L), a consumer healthcare company, reported Wednesday higher profit in fiscal 2025, despite weak revenues. Further, the company projects growth in adjusted operating profit and organic revenue in fiscal 2026 and medium term.
(RTTNews) - Haleon plc (HLN, HKN.L), a consumer healthcare company, reported Wednesday higher profit in fiscal 2025, despite weak revenues. Further, the company projects growth in adjusted operating profit and organic revenue in fiscal 2026 and medium term.
Valterra Platinum ( ANGPY ) announced a dividend that far exceeded analyst expectations, following a strong earnings jump last year driven by a rally in the metals it produces. The Johannesburg-listed miner announced a total payout to shareholders for 2025 of 45 rand ($2.83) per share, beating the average analyst estimate of 23.1 rand per share, Bloomberg reported. The company also said that its p...
Valterra Platinum ( ANGPY ) announced a dividend that far exceeded analyst expectations, following a strong earnings jump last year driven by a rally in the metals it produces. The Johannesburg-listed miner announced a total payout to shareholders for 2025 of 45 rand ($2.83) per share, beating the average analyst estimate of 23.1 rand per share, Bloomberg reported. The company also said that its profit more than doubled to 15.4 billion rand. Valterra ( ANGPY ) declared a final dividend of 11.5 billion rand, or R43.00 per share, significantly above its dividend policy of paying out 40% of headline earnings. This brings total dividends for 2025 to R45.00 per share, representing 71% of headline earnings, comprising a R25.00 per share base dividend and a R20.00 per share special dividend. The company, which was demerged from Anglo American last year ( AAUKF ), reported headline earnings per share of 63.48 rand ($3.99) in the year ended December 2025, up from 32.05 rand the previous year. During 2025, the PGM dollar basket price increased 89% to finish the year at $2,562 per PGM ounce. Owing to the timing of the price and sales increases, the average realized dollar and rand basket prices for 2025 increased 26% and 22% year-on-year to $1,852 and R32,611 per PGM ounce, respectively, the miner said. More on Anglo American Platinum Valterra Platinum: Possible Backpedalled EU ICE Ban Seeking Alpha’s Quant Rating on Anglo American Platinum Historical earnings data for Anglo American Platinum Dividend scorecard for Anglo American Platinum Financial information for Anglo American Platinum