Brief: SM Entertainment Co Says To Adopt Target Capital Structure; Will Maintain Minimum 30% Of Net Income For Shareholders

SM Entertainment Co

27/02/2023 08:44

Feb 27 (Reuters) - SM Entertainment Co Ltd  041510.KQ :
    * SAYS SM TO ADOPT TARGET CAPITAL STRUCTURE TO ENHANCE
SHAREHOLDER
RATE OF RETURN AND EXPAND INVESTMENTS AND SHAREHOLDER RETURNS
    * UNDER THE STRATEGY, SM PLANS TO EXECUTE KRW 1 TRILLION IN
INVESTMENTS OVER THE NEXT THREE YEARS
    * SM-PRIORITIZE INVESTMENT IN IMPLEMENTATION OF "SM 3.0" AND
UTILIZE FUNDS FOR SHAREHOLDER RETURNS IN ACCORDANCE WITH TARGET
CAPITAL STRUCTURE STANDARD
    * SM ENTERTAINMENT- SM'S NEW SHAREHOLDER RETURN POLICY WILL
MAINTAIN NET DEBT BETWEEN 0.5X TO 1X ANNUAL OPERATING PROFIT ON
A STANDALONE BASIS EACH YEAR

Source text for Eikon:  ID:nPn3l6CGFa 
Further company coverage:  041510.KQ 

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