Misto Holdings Readies for Growth with KRW 268.2 Billion Share Cancellation and Gangnam Move
Creatrip Team
3 months ago
Misto Holdings (formerly Fila Holdings) approved the cancellation of all its treasury shares worth about KRW 268.2 billion and will buy an additional KRW 10 billion of treasury stock as part of a long-term shareholder value plan. The cancellation equals roughly 11.7% of outstanding shares and is the largest in the company’s history, aiming to improve capital efficiency and boost EPS. The firm has also completed large share buybacks in 2025 and paid a special dividend (KRW 940 per share) to continue shareholder returns under a KRW 500 billion (2025–2027) target. Misto changed its name in April to support a global brand portfolio strategy and plans to relocate its headquarters to the Ssaikhan Tower in Gangnam, Seoul, investing about KRW 195 billion to accommodate growth, talent recruitment, and better working conditions. The company says these moves are strategic, not short-term stock support, and fit within a manageable financial scope while diversifying its asset portfolio.
