1. What Happened? : FST Decides to Dispose of Treasury Stock
FST announced on September 17, 2025, its decision to dispose of 617,036 treasury shares, equivalent to approximately KRW 20 billion. The disposal will be executed through the issuance of exchangeable bonds, with the primary goal of securing funds.
2. Why the Disposal? : A Strategic Move for Future Growth
FST plans to use the acquired funds for R&D investment, new business ventures, facility investment, and securing future growth engines. This can be interpreted as a strategic decision to maintain and strengthen competitiveness in the rapidly changing semiconductor industry.
3. How Will This Affect the Stock Price? : Opportunities and Risks Coexist
- Positive Impacts:
- Improved financial structure and enhanced liquidity
- Securing new investments and growth drivers
- Increased market confidence
- Potential Negative Impacts:
- Potential stock dilution due to increased shares in circulation
- Possible negative market perception of the funding method (exchangeable bond issuance)
FST’s strong performance in the first half of 2025 and the positive outlook for the semiconductor market are positive factors. However, the potential stock dilution and market reaction should be closely monitored.
4. What Should Investors Do? : Short-Term Caution, Long-Term Perspective
- Short-Term Strategy: Exercise caution and closely observe market reactions and the terms of the exchangeable bond issuance.
- Long-Term Strategy: Focus on FST’s competitiveness and growth potential in the pellicle and chiller equipment market, while continuously monitoring its financial soundness and industry growth synergy.