Koa StemChem Decides to Dispose of 800,000 Treasury Shares: What Happened?

On July 21, 2025, Koa StemChem announced its decision to dispose of 800,000 treasury shares (2.43% of the total number of issued shares) to secure operating and research funds. This disposal, worth approximately KRW 2.7 billion, will be carried out through Mirae Asset Securities.

Why the Decision to Dispose of Treasury Stock?

Koa StemChem is facing challenges due to continuous operating losses and sluggish sales in its biopharmaceutical division. Securing operating funds is crucial in this situation, and the disposal of treasury stock is interpreted as a decision for this purpose. The secured funds will be used for research and development, focusing on the clinical progress of core pipelines and the growth of the non-clinical CRO division.

What is the Impact of Treasury Stock Disposal?

In the short term, a positive effect of securing liquidity is expected, but there is also a possibility of a stock price decline. This is because the sale of treasury stock can be perceived as a signal of uncertainty about the company’s future growth in the market. In the long term, securing growth momentum through R&D investment is expected, but the results may vary depending on clinical outcomes and order achievements.

What Should Investors Do?

Investment decisions should be made by comprehensively considering factors such as the clinical results of core pipelines, order status of the non-clinical CRO division, and fluctuations in macroeconomic indicators. It is important to focus on long-term growth potential rather than short-term stock price fluctuations and to continuously monitor information disclosed in the future.