GUNKUL Surges 11% after the Announcement of Share Repurchase Program

The share price of Gunkul Engineering Public Company Limited (SET: GUNKUL) rose more than 11% to THB2.52 per share in the morning session on Wednesday after the company announced a share repurchase program.

The company announced earlier today that the resolution of the Board of Directors approved on the proposed share repurchase program for financial management purposes not exceeding 1,120 million baht and not exceeding 380,000,000 shares or equivalent to 4.28% of the issued and paid-up capital at par value 0.25 baht per share.

The repurchase period will start from 16 November 2023 to 15 May 2024.